Jerome Powell: “The central bank is well positioned to wait for greater clarity”

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

It is not a foregone conclusion

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

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