Jerome Powell: “It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our…”

We do not take into account the fortunes of any political party or politician.

We may approach that point in coming months

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