Jerome Powell: “We are the reserve currency of the world, and that is because of our great democratic institutions, our vibrant economy.”

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.

We may approach that point in coming months

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

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.