Jerome Powell: “We have certain legal independence, and we think that has served the public well, and we are able to make decisions…”

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

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

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

The outlook for employment and inflation does not appear to have changed much since our September meeting