Jerome Powell: “I would just say our own job is to focus not on fiscal policy, but on monetary policy, and so that is our frame of…”

The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.

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

We do not take into account the fortunes of any political party or politician.

We may approach that point in coming months