Jerome Powell: “We’re beginning to see some effects. We expect to see more.”

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

We may approach that point in coming months

If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.

we don’t take into consideration political factors