Jerome Powell: “We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.”

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

If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.

we don’t take into consideration political factors

Part of that is due to the start-stop nature of the tariffs that have been introduced.