Jerome Powell: “Let me start by saying that my colleagues and I strongly support the goals of maximum employment and price stability…”

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

The outlook for employment and inflation does not appear to have changed much since our September meeting

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

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