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

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

Without the ability to pay interest on reserves, the Fed would lose control over rates

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.