Powell Defends Independent Institutions Against Political Pressure at JFK Award Ceremony
TL;DR
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:businesspolitics#federal-reserve#institutional-independence#jerome-powell#kennedy-profile-in-courage-award#political-pressure#politics
- Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools Politico
- Former Fed Chair Powell Delivers a Pointed Warning, Wrapped in Abstraction WSJ
- Jerome Powell warns that the Fed's credibility is at risk Axios
- 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
Want the full story? Read the original reporting
Read on Politico