Jerome Powell: “The only way we can sort of win in the international competition is by having the best educated, most productive…”

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

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.

It is not a foregone conclusion