Jerome Powell: “I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still…”

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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

Rising downside risks to employment have shifted our assessment of the balance of risks

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