Jerome Powell: “I think our goal should be to not have poverty.”

I think that's right

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

The Fed’s credibility would be lost.

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.