Jerome Powell: “The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration…”

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

We may approach that point in coming months

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.