Jerome Powell: “I fully intend to serve it.”

The Fed’s credibility would be lost.

Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

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