Jerome Powell: “There ought to be no doubt. There ought to be nobody trying to use politics to interfere with this process.”

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

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

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

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