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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...
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,...
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...
Ex-US Fed Chair Powell warns against politicisation amid Trump’s attacks
Ex-US Fed Chair Powell warns against politicisation amid Trump’s attacks Jerome Powell says the US central bank is undergoing a ‘stress test’ like other institutions in the current era. Former US Federal Reserve Chair Jerome Powell has warned against the politicisation of monetary policy amid President Donald Trump’s repeated attacks on the independence of the central bank. In a speech at an awards ceremony in Boston on Sunday, Powell said that the Fed had been undergoing a “stress test”...
US inflation hits new three-year high amid energy price surge
US inflation hits new three-year high amid energy price surge US markets stumbled as inflation data sparked fears of rate hikes in the coming months. Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April, according to the US...
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
Over recent weeks, Parker Taylor reached a grim milestone in his work history. The 29-year-old had been employed consistently since he was a teen, first on a factory floor and most recently in medical sales. But the St. Petersburg, Florida, resident hasn't been able to start a new gig after losing his job shortly before the 2025 Thanksgiving holiday.
Reformer or ringleader: A decade on, What is Infantino's legacy as FIFA president?
GIANNI INFANTINO CELEBRATED HIS ELECTION as FIFA president in February 2016 by buying beers for journalists in the bar of a hotel in Cardiff, Wales. After the previous regime of Sepp Blatter had been brought down by bribery and corruption, Infantino was soccer's new man of the people: approachable, engaging and ready to restore the game's reputation. Ten years on, the Swiss-Italian lawyer is the most powerful man in the game.
The Caning That Changed America
Most people in the Senate chamber noticed the sound before anything else—the sharp, sickening crack of a metal-tipped cane landing on an unprotected skull. On May 22, 1856, Preston Brooks, a young representative from South Carolina, confronted Senator Charles Sumner of Massachusetts during a visit to the upper chamber. Sumner, known for his fiery abolitionist orations, had recently given a speech leveling insults at Brooks’s kinsman Senator Andrew P. Butler, including that he consorted with...
US visa rejections, war on Iran keep fans away from World Cup
US visa rejections, war on Iran keep fans away from World Cup High visa application fees, equally high rejection rates, an unwelcoming America, and the war combine to deter fans. When Iran qualified for the FIFA World Cup last March, the men’s national team didn’t expect their participation to hinge on visas being granted by hosts, the United States, only at the last moment – if at all. Nor did Iranian fans eager to support Team Melli expect to be banned from entry by the US.