Jerome Powell: “We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.”

If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.

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

It is not a foregone conclusion

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.