Jerome Powell: “Climate change is an important issue. I want to say that society's broad response to climate change really has to come…”

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

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

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

It is not a foregone conclusion