Jerome Powell: “This historically-important legislation provided critical support in our nation's hour of need.”

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

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

We do not take into account the fortunes of any political party or politician.

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.