Jerome Powell: “What we are trying to do is limit future prices.”

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

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

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

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