Jerome Powell: “We want, in particular, the GSIBs, the eight largest banks, to have high levels, very high levels of capital and…”

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

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

Without the ability to pay interest on reserves, the Fed would lose control over rates

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