Powell Defends Independent Institutions Against Political Pressure at JFK Award Ceremony
TL;DR Summary
Former Fed chair Jerome Powell used his JFK Library Profile in Courage Award speech to defend the independence of the Fed and other democratic institutions, warning that political pressure on the central bank, courts, and universities would erode credibility; he noted his ongoing seat on the Fed board through 2028 after stepping down as chair.
Topics:business#federal-reserve#institutional-independence#jerome-powell#kennedy-profile-in-courage-award#political-pressure#politics
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- Powell Says Fed Credibility Lost If President Can Fire Officials Bloomberg.com
- Former Fed chair Powell, Minnesota Twin Cities community leaders accept JFK Profile in Courage awards The Boston Globe
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