#1 out of 14
politics1d ago
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
- Powell defends the independence of the Fed and other public institutions at a JFK Library ceremony.
- He called the Fed’s independence a priceless asset that must be protected.
- Powell warned political pressure on institutions could undermine credibility and trust.
- Powell remains on the Fed board through January 2028, limiting Trump-appointed changes.
- Powell cited universities, courts, Congress and the Fed as the foundation of democracy.
- Powell acknowledged mistakes as chair and committed to changing course when needed.
- Powell mentioned the foundation of democracy and integrity as global leadership traits.
- Powell’s Kennedy Foundation accolade recognized protecting independence despite personal attacks.
- Trump criticized Powell over rate decisions during his tenure as chair.
- Powell kept his Fed board seat despite stepping down as chair.
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