Jerome Powell: “We should not even be talking about a world in which the U.S. does not pay its bills.”

we don’t take into consideration political factors

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.

Rising downside risks to employment have shifted our assessment of the balance of risks

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.