E US Fed Chair Powell warns against politicisation amid Trump’s attacks
Key points
- Jerome Powell says the US central bank is undergoing a ‘stress test’ like other institutions in the current era.
- US Federal Reserve Chair Jerome Powell has warned against the politicisation of monetary policy amid President Donald Trump’s repeated attacks on the independence of the central bank.
- In a speech at an awards ceremony in Boston on Sunday, Powell said that the Fed had been undergoing a “stress test” like many other institutions in the Trump era.
- Powell said the US Congress had “wisely” chosen to insulate the central bank from political pressure and that all other advanced economies had similar norms upholding the independence of monetary policy.
- “These protections have served the public well, and administrations from both parties have respected them,” Powell said after accepting the 2026 John F Kennedy Profile in Courage Award.
Quick Summary
Jerome Powell says the US central bank is undergoing a ‘stress test’ like other institutions in the current era. US Federal Reserve Chair Jerome Powell
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to E US Fed Chair Powell warns against politicisation amid Trum.
Key Takeaways
- Jerome Powell says the US central bank is undergoing a ‘stress test’ like other institutions in the current era.
- US Federal Reserve Chair Jerome Powell has warned against the politicisation of monetary policy amid President Donald Trump’s repeated attacks on the independence of the central bank.
- In a speech at an awards ceremony in Boston on Sunday, Powell said that the Fed had been undergoing a “stress test” like many other institutions in the Trump era.
- Powell said the US Congress had “wisely” chosen to insulate the central bank from political pressure and that all other advanced economies had similar norms upholding the independence of monetary policy.
- “These protections have served the public well, and administrations from both parties have respected them,” Powell said after accepting the 2026 John F Kennedy Profile in Courage Award.
📌 Source: Al Jazeera
The BriefWire