Powell's Parting Message: Fed Independence Under Scrutiny as Inflation Looms
Powell, stepping back to a Federal Reserve Board role as Kevin Warsh takes the reins, used a speech tied to a Kennedy Center award to reaffirm the Fed's independence and acknowledge past policy missteps, delivering an indirect jab at Trump while signaling that inflation remains uncertain amid energy-price pressure from the Iran conflict; with markets at record levels but policy paths still data-driven, the Fed faces a delicate balancing act that could temper Wall Street's rally if inflation surprises persist.













