Jerome Powell: “I think you see over the course of my long career a big change in diversity and inclusion, and you see that in the…”

It is not a foregone conclusion

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

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

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