Jerome Powell: “No, I think there are limits built into the law, which I don't have in front of me right now.”

It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.

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

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

I want to hand over to my successor an economy in good shape.