Jerome Powell, at an award ceremony, defended the Fed’s independence and warned against political pressure.
WHO:Jerome Powell
WHAT:Warned that political pressure could undermine the Federal Reserve’s independence
WHEN:Jun 1, 2026 at 10:26 AM ET
WHERE:Boston, Massachusetts
WHY:He argued that removing Fed officials over policy differences would enable future elected officials to do the same and damage the Fed’s credibility.
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