John F. Kennedy Presidential Library

Jerome Powell warned against political pressure on institutions like the Federal Reserve, courts, and schools during a speech accepting the John F. Kennedy Profile in Courage Award. He emphasized protecting the Fed's independence and criticized efforts to remove officials over policy disagreements, citing risks to democratic foundations.

Jerome Powell defended the central bank's independence during a speech at the John F. Kennedy Presidential Library, accepting an award for his efforts. He emphasized that institutions like universities, courts, Congress, and the Fed are foundational to democracy and called the Fed's independence a 'priceless asset'.

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.

Jerome Powell warned against political pressure on the Federal Reserve, courts, and universities during a JFK award speech, emphasizing the importance of institutional independence. He highlighted the Fed's independence as a 'priceless asset' and criticized efforts by the Trump administration to remove Fed officials over policy disagreements.