Jerome Powell, the former chair of the Federal Reserve, stated that political interference in monetary policy could undermine public trust in the central bank. In a speech on June 1, 2026, Powell described the current situation as a 'stress test' for the institution, referencing ongoing challenges to the Fed's independence during Donald Trump's administration.
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Former Federal Reserve Chair Jerome Powell Discusses Political Interference
Jerome Powell, former chair of the Federal Reserve, warned that political interference in monetary policy could damage public trust in the institution. He characterized the current environment as a 'stress test' for the Fed's independence amid challenges from the Trump administration.
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Ex-Federal Reserve chair Jerome Powell sounds alarm over political interference
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Former Federal Reserve Chair Jerome Powell Discusses Political Interference
