Speaking in Boston while accepting the 2026 John F. Kennedy Profile in Courage Award, Powell said removing Fed officials over policy disagreements could damage the central bank’s credibility and weaken confidence in its decisions.

Former US Federal Reserve Chair Jerome Powell has warned against political interference in monetary policy, saying the Fed’s independence is vital to maintaining public trust and economic stability.

Speaking in Boston while accepting the 2026 John F. Kennedy Profile in Courage Award, Powell said removing Fed officials over policy disagreements could damage the central bank’s credibility and weaken confidence in its decisions.

His remarks come amid ongoing criticism from President Donald Trump, who has repeatedly pushed for deeper interest rate cuts and challenged the Fed’s leadership.

Powell also stressed the importance of protecting democratic institutions and upholding the rule of law.

Join us on our WhatsApp Platform @KOIKIMEDIA NEWS YOUR PAGE

koikimedia Bringing the World 🌎 Closer to Your Doorstep