Jerome Powell: “It is unsustainable to have effectively the U.S. housing finance system on the government's books for the long run.”

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

Rising downside risks to employment have shifted our assessment of the balance of risks

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

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