Trump, Fed & Crisis: Powell Breaks Silence After Chair Tenure Ends | N18G | 4K

Jerome Powell, former chair of the Federal Reserve, warned that increasing political pressure on the US central bank could undermine its independence and weaken democratic institutions. Speaking at the John F. Kennedy Profile in Courage Award ceremony, he said such institutions take decades to build but can be quickly damaged. Powell described the Federal Reserve as undergoing a “stress test” amid political attacks, including efforts linked to Donald Trump to remove Governor Lisa Cook, public demands for his resignation, and even a criminal investigation involving him. He emphasized that safeguarding the Fed’s apolitical role is essential for economic stability. Powell’s remarks came after his term as chair ended on May 15, though he continues to serve as a governor. He said his decision to remain on the board is intended to help protect the institution’s independence and limit political influence over its structure going forward in the United States.

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Видео Trump, Fed & Crisis: Powell Breaks Silence After Chair Tenure Ends | N18G | 4K канала moneycontrol