Jerome Powell: “I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border…”

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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

The Fed’s credibility would be lost.

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