Jerome Powell: “It is very clear that banks have reduced their portfolios of fixed-income securities.”

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.

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

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