Powell warns politicized Fed would lose credibility (opens in new tab)

Former Federal Reserve Chair Jerome Powell used a Sunday speech at the John F. Kennedy Presidential Library in Boston to warn against political pressure on the Fed and other U.S. institutions as he accepted the 2026 John F. Kennedy Profile in Courage Award. Powell called the Fed’s independence a “priceless asset” and said the public could lose faith in the central bank if officials could be removed over policy disagreements. Powell’s remarks followed repeated criticism from President Trump, w...