Jerome Powell actually said...

the very low settings of interest rates that were appropriate during the crisis and after to support economic activity are no longer appropriate.

Powell explains the need to raise interest rates due to improved economic conditions.

11/27/2017

More Jerome Powell Quotes

It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.

I wouldn’t say we’re in a situation that’s remotely comparable to that is likely.

the Fed's understandably cautious stance also opens the door for the Committee to be late to the party

And I completely understand and accept that.