Jerome Powell: “Inflation will abate one way or the other.”

It is not a foregone conclusion

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.

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

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