Jerome Powell: “I do not see anything, no.”

without the ability to pay interest on reserves, the Fed would lose control over rates

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy