“Good afternoon, everyone. It’s thrilling to have Jay Powell right here.” “What does unbiased imply? It principally implies that we will make our choices with out them being reversed apart from by Congress, which created it. We’re a creature of Congress. We’re not within the Structure, we’re a creature of statute. In order that’s what unbiased means. And that offers us the power to make these choices for the good thing about all People always, not for any specific political get together or political end result. It’s the legislation of the land. And I’m not involved that there’s some danger that we’d lose our statutory independence as a result of I do suppose that these set of concepts are strongly believed by folks.” “However do you concern, I imply, he has talked brazenly about firing you, which is one thing technically he’s not supposed to have the ability to do.” “So, I by no means talk about something that elected officers say. So I’m going to disappoint you right here. I simply know — that is our focus: The U.S. financial system is in excellent form proper now. It’s in remarkably good condition. We’re within the envy of different massive economies around the globe, and I need to do every part I can to maintain it there throughout the remainder of my time period.”