Jerome Powell: “I strongly agree with that, and that is why we are taking the measures we are taking.”

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

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

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

Rising downside risks to employment have shifted our assessment of the balance of risks