> a year or two ago
3 years ago. September 2022. https://edition.cnn.com/2022/09/23/economy/powell-fed-labor-...
When unemployment rates were back down to the pre-covid 2020 levels, only time they were even lower was before the 1969 recession. When inflation was at the highest it's been since the 80s.
The statement & monetary policy decision was entirely appropriate at the time.