Jerome Powell: “The Fed’s credibility would be lost.”

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

Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy

The outlook for employment and inflation does not appear to have changed much since our September meeting

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