Powell says the Fed is "well-positioned" to see how the economy evolves.

We made a decision today. We had, you know, nine out of 12 supported it. So, fairly broad support, but it's not like the nor normal situation where everyone agrees on the direction and what and what to do.Our two goals are a bit in tension. It's very unusual to have persistent tension between the two parts of the mandate. And when you do, this is what you see.Everyone around the table at the FOMC agrees that inflation is too high and that we want it to come down and agrees that the labor market has softened ...