High level of uncertainty in December, argument could be made in favor of caution: Fed Chair Powell

Thank you. Colobby Smith with the New York Times. So much of the rationale for cutting interest rates even as inflation moves away from the 2% target seems to be, you know, that there are these mounting downside risks to the labor market.But if those don't materialize and the labor market either stabilizes around current employment levels or even starts to strengthen somewhat, how would that change your perception of how much interest rates need to fall from here. Would you then be a bit more concerned abou ...