Jerome Powell: “I intend to preserve the Federal Reserve's independence, which I see as essential for us to achieve our congressionally…”

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

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

So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.

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