Jerome Powell: “Chances of a recession were extremely low — if you go back two months. It has moved up, but it's not high.”

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

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

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

We may approach that point in coming months