Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Jerome Powell, in a speech accepting the John F. Kennedy Profile in Courage Award, warned against political pressure on institutions like the Federal Reserve, courts, and universities, emphasizing the importance of preserving their independence. He highlighted the Fed's 'priceless asset' of independence and criticized the risks of removing officials over policy disagreements, without naming Trump but referencing political tensions during his tenure.