Powell says Fed credibility lost if president can fire officials

Jerome Powell said the U.S. central bank would lose the credibility if any president could fire Fed officials over policy. Read more here

lunedì 1 giugno 2026 New tab

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Powell warns firing Fed officials for policy disagreement destroys Fed credibility, citing Trump's push to remove Governor Lisa Cook. Tech leaders face governance risk: eroding Fed independence signals rate volatility and policy uncertainty, pressuring capex ROI and M&A timing.

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The former chair highlighted legal protections for the Fed, designed to insulate monetary policy from political interference

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Former Federal Reserve Chair Jerome Powell said the United States central bank would lose the credibility that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements.

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Powell says Fed credibility lost if president can fire officials

Powell says Fed credibility lost if president can fire officials

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Powell says fed credibility lost if president can fire officials

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