Jerome Powell Defends Central Bank Independence in Public Appearance
Outgoing U.S. Federal Reserve chair Jerome Powell defended the need for the central bank to maintain independence and credibility in a public appearance. The central bank is facing pressure from President Donald Trump.
Outgoing U.S. Federal Reserve chair Jerome Powell delivered a defense of the need for the central bank to maintain independence and credibility. The central bank is facing pressure from President Donald Trump. According to the South China Morning Post, Powell made these remarks during one of his first major public appearances since leaving office, while accepting an award at the John F. Kennedy Presidential Library. He described universities, courts, Congress and the central bank as the foundation and the embodiment of our democracy.
This account was written only from facts that survived Augur's
corroboration pass — 2 corroborated across opposed news blocs,
0 contested (attributed to both sides), 3
single-source (attributed). Nothing was added; no significance was inferred.
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