Jerome Powell: “We must address this issue to honor commitments made by this and prior Congresses, including those made to address the…”

Rising downside risks to employment have shifted our assessment of the balance of risks

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

It is not a foregone conclusion

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