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Fed’s Powell warns that politicizing the Fed would cost public trust
WASHINGTON: US Federal Reserve Governor Jerome Powell on Sunday warned about the impact of a politicized Fed and made a broader call for the defense of democratic institutions in his first public remarks since the end of his eight-year stint as head of the central bank. “Democratic institutions take much time, effort, and patience to build but can be torn down all too quickly,” Powell said in remarks prepared for delivery as he accepted the John F. Kennedy Profile in Courage Award, given by the John F. Kennedy Library Foundation.
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irishtimes.com
How did Jerome Powell do at the Fed?
The outgoing chair has made some mistakes, but his decision to stand up to Trump was heroic
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apnews.com
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
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…
