00:00The decision we made today was a sober decision, serious decision, responsible decision,
00:06one that we have been preparing for and thinking about in my 110 or 20 days here.
00:12You heard from other people in the dots, effectively, what their forecasts are.
00:17I'm not going to prejudge any future decisions we make.
00:21You might have heard me say in Jackson Hole, I committed to a discipline, a set of principles.
00:26I committed to look outside the window and see what I can observe.
00:31That's what I did in Jackson. That's what we did today.
00:34The Fed has an enormous amount of power.
00:36These are decisions we make.
00:39But getting the understanding right between financial markets and the Fed is a balance that I've long thought could be
00:46better struck.
00:47We made this decision today based on our assessment of the situation,
00:51based on our assessment of the trajectory for employment,
00:55based on our judgment on the strength of the economy.
00:59Sometimes the market tries to prejudge our outcomes.
01:04I'll observe market prices and see what they have to say.
01:08But today was our decision.
01:09We'll see you in the next one.
01:09We'll see you in the next one.
01:09We'll see you in the next one.
01:09We'll see you in the next one.
01:10We'll see you in the next one.
01:10Grazie.
Commenti