Washington (United States) (AFP) – Outgoing US Federal Reserve chair Jerome Powell on Sunday delivered a staunch defense of the need for the central bank to maintain independence and credibility, as it comes under assault from President Donald Trump.
Issued on: 01/06/2026 - 03:23
Modified: 01/06/2026 - 03:41
"Like many other institutions, the Fed has been undergoing a stress test," he said as he accepted an award from the John F. Kennedy Library Foundation.
"If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well," Powell said, in a barely veiled reference to the Trump administration's attempt to fire Fed Governor Lisa Cook.
