Jerome Powell: “As you look around the world, U.S. banks are competing very, very successfully. They are very profitable.”

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

It is not a foregone conclusion

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

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