Jerome Powell: “I am strongly committed to that framework of transparency and accountability.”

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 we move too slowly, there may be unnecessary losses, painful losses in the employment market.

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

I won’t bow to political pressure when it comes to setting monetary policy.