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Outgoing chair Powell delivers defence of Fed independence
Outgoing chair Powell delivers defence of Fed independence WASHINGTON: Outgoing US Federal Reserve chair Jerome Powell on Sunday (May 31) delivered a staunch defence of the need for the central bank to maintain independence and credibility, as it comes under assault from President Donald Trump. "Like many other institutions, the Fed has been undergoing a stress test," he said as he accepted an award from the John F Kennedy Library Foundation.
Fed's Powell warns Trump's political 'stress test' will wreck public trust in central bank
Former Federal Reserve chair Jerome Powell has warned that attempts by the U.S. government to exert greater political pressure on the central bank will damage public confidence in its independence. Powell — whose time as Fed chair concluded on May 15 — said the central bank, along with other institutions such as the courts and universities, is facing a political "stress test" from President Donald Trump's administration. Speaking at the John F. Kennedy Library Foundation in Boston, Powell...
Former Fed chair Jerome Powell issues stark warning as he’s honored for standing up to Trump
Former Fed chair Jerome Powell issues stark warning as he’s honored for standing up to Trump Speaking at the John F. Kennedy Presidential Library in Boston, Powell underscored the critical role of universities, courts, Congress, and the Federal Reserve, describing them as "the foundation and the embodiment of our democracy” - Bookmark - CommentsGo to comments Jerome Powell, the former Federal Reserve Chair, used a major public appearance to champion the independence of vital institutions,...
Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
BOSTON — 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 embodiment of our democracy” and argued that the Fed’s independence was a...
Powell uses JFK award speech to defend Fed from political pressure
Powell uses JFK award speech to defend Fed from political pressure Former Fed chair urges protection of America’s democratic institutions, warns they face a ‘stress test’ Former US 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 honouring his efforts to preserve the central bank’s independence. Speaking at the John F. Kennedy Presidential Library, Powell called...
Obama Writes His Own Story
On a recent morning at Chicago’s new Obama Presidential Center, the institution’s leadership discussed presidential papers the way a decluttering convert might talk about some old sweaters they tossed because they did not spark joy. The campus contains many features sure to delight the misty-eyed visitors who will flock here once it opens, on June 19: a museum that can come across like a pep talk from a more hopeful time; a light-filled basketball court; a whimsical playground; a public...