Jerome Powell: “It is essential that we do that without regard to political considerations.”

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

We do not take into account the fortunes of any political party or politician.

Rising downside risks to employment have shifted our assessment of the balance of risks

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