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Jerome Powell warned of risks to the Federal Reserve's credibility in his first public remarks since stepping down as chair. He emphasized the importance of the Fed's independence from political influence and stated that attempts to undermine this could harm its effectiveness in supporting the economy. Powell will continue serving as a Fed governor while the situation regarding Fed independence is addressed.
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Jerome Powell warned of risks to the Federal Reserve's credibility in his first public remarks since stepping down as chair. He emphasized the importance of the Fed's independence from political influence and stated that attempts to undermine this could harm its effectiveness in supporting the economy. Powell will continue serving as a Fed governor while the situation regarding Fed independence is addressed.
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Jerome Powell warns that the Fed's credibility is at risk
Jerome Powell Addresses Fed's Credibility Concerns