Jerome Powell: “We need to be able to be nimble and more forceful, where appropriate.”

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

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

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

The outlook for employment and inflation does not appear to have changed much since our September meeting