Jerome Powell: “The authority to shut down an institution or hold a hearing about it I believe is triggered by a criminal conviction.”

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

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

I won’t bow to political pressure when it comes to setting monetary policy.

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.