Jerome Powell: “The status of the dollar as the world's reserve currency is a very important thing to us.”

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

The U.S. economy is in solid shape.

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.

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.