Jerome Powell: “Transparency is the foundation for our accountability, and I am committed to clearly explaining what we are doing and…”

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

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