Jerome Powell: “The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.”

I won’t bow to political pressure when it comes to setting monetary policy.

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

I think that's right