Jerome Powell: “Treasury markets are currently functioning in the efficient manner that we expect and that the stability of the…”

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

If we move too slowly, there may be unnecessary losses, painful losses in the employment market.

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

If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.