Jerome Powell: “It has to be elected people to do that.”

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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 don’t take into consideration political factors