Jerome Powell: “These regulations [that have been imposed since the 2008 financial crisis] are new and we should be willing to adjust…”

The outlook for employment and inflation does not appear to have changed much since our September meeting

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

The Fed’s credibility would be lost.

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.