"Democratic institutions take much time, effort, and patience to build but can be torn down all too quickly," Powell said.

Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to deliver a broad defense of independent institutions while…

In his first public remarks since stepping down as Fed chair, Powell says the central bank is undergoing a "stress test."

Jerome Powell, former head of the US Federal Reserve, has spoken out against political interference in the central bank. He emphasized the importance of protecting democratic…