🇺🇸 Former Fed Chair Powell Warns Against Political Interference

In his first public appearance since leaving the Fed Chair position, Jerome Powell used an award acceptance speech to defend the Federal Reserve's independence.

"If an administration can remove a Fed Chair over policy disagreements, future administrations will do the same. Public trust in the Fed would be severely damaged."

The remarks appeared to reference the sustained pressure Powell faced from President Trump over interest rate policy, along with broader scrutiny directed at Fed officials.

Powell will remain on the Federal Reserve Board as a Governor until early 2028 — a rare move not seen from a former Fed Chair in nearly eight decades.
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