Jerome Powell: “explaining what we are doing and why we are doing it, and will continue to pursue ways to improve transparency both in…”

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

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.

What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.