Jerome Powell: “If I am confirmed, I will work to the best of my abilities to carry out the responsibilities of this office.”

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

What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.

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

I want to hand over to my successor an economy in good shape.