Jerome Powell: “It's a low-hiring environment. So if you have a job, it's all good, but... if you have to find a job, the job-finding…”

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

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

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

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