Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Jerome Powell uses award speech to warn against political pressure on Fed, courts and schools

The award also honored residents of Minnesota's Twin Cities for their actions during a federal immigration crackdown that led to thousands of arrests and two deaths.

Political pressure risks damaging trust in US central bank, Powell warns

Former Fed chair says attempts to remove officials over policy differences could erode confidence in central bank independence

Jerome Powell warns that a politicized Fed would lose the public's trust

The former Fed chair described the central bank's credibility as a "priceless asset" built over many decades that officials have a duty to safeguard

Former Federal Reserve Chair Jerome Powell and Minnesota's Twin Cities receive JFK Profile in Courage Award

The foundation said it was awarding Powell for protecting the independence of the Federal Reserve "despite years of personal attacks and threats from the highest levels of government."

Jerome Powell warns against political pressure on Fed, courts and schools in Boston speech

Powell called universities, courts, Congress and the central bank “the foundation and the embodiment of our democracy” and argued that the Fed’s independence was a “priceless asset” that must be protected.

Powell Warns That Trump Is Undermining The Fed

The Associated Press reports: Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank’s independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities, courts, Congress and the central bank “the foundation and the embod…