Jerome Powell: “If we move too slowly, there may be unnecessary losses, painful losses in the employment market.”

I would agree that climate is the biggest risk.

As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.

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.

The U.S. economy is in solid shape.