The most important thing for everyone to understand about the ongoing existential battle to preserve our American birthright of a free and open society is that all these institutions — and the vast sources of independent knowledge contained within them — are more powerful than one petty, addled man.
Powell emphasizes the strength of democratic institutions against individual threats.
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More from Jerome Powell
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.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
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