In remarks delivered after stepping down as Federal Reserve chair earlier this month, Jerome Powell warns that efforts to politicize the Federal Reserve would erode the institution’s credibility. Both outlets report that Powell frames the Fed’s independence as essential to maintaining public trust and market confidence. He describes the Fed’s independence as a “priceless asset” that should be defended rather than “meddled” with, according to the accounts. One report also characterizes Powell’s comments as a response to President Trump, saying democratic institutions can be “torn down quickly,” while another focuses more directly on the broader risk of politicization undermining the Fed’s standing. Together, the sources present Powell’s message as a warning that political interference—whether direct or indirect—can quickly weaken the credibility of central bank policy decisions. The reporting also emphasizes that the remarks occur in what is described as one of Powell’s first major speeches since leaving the role.
Jerome Powell warns against politicizing the Fed’s independence
In remarks delivered after stepping down as Federal Reserve chair earlier this month, Jerome Powell warns that efforts to politicize the Federal Reserve would erode the institution’s credibility. Both...
- Jerome Powell delivers remarks after stepping down as Federal Reserve chair earlier this month.
- Powell says the Federal Reserve’s independence is a “priceless asset” that must be protected.
- He warns that politicizing or meddling with the Fed would erode its credibility.
- One account links his comments to concerns about President Trump’s actions, while another focuses on the institutional risk broadly.
- Powell warns that democratic institutions can be weakened quickly.
Former Federal Reserve Chairman Jerome Powell took a parting shot at President Trump, warning that the central bank's independence was a "priceless asset" that must be defended.
2 months agoFormer Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeches since stepping down from his post earlier this month.
2 months ago
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