Jerome Powell: “I think my baseline expectation is still... that inflation will move back down over the course of next year.”

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

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

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

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