Jerome Powell: “That could be right. It could also just be, though, that demand is incredibly strong and that they are raising prices…”

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

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

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