Jerome Powell: “I would also like to express my gratitude to President Trump for the confidence he has shown by nominating me to serve…”

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

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

We may approach that point in coming months