Powell warns of risk to Fed credibility (opens in new tab)

Former Federal Reserve Chair Jerome Powell warned Sunday that efforts to politicize the central bank could undermine public confidence in the institution\. “If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well,” he said while accepting the John F\. Kennedy Profile in Courage Award in Boston\. “The public would lose faith that the central bank will make decisions based only on what’s best for all Americans\.” Mr\. Pow...