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Powell Warns on Fed Independence

Updated 2026-06-01 02:50 UTC 1 source Negative

Former Federal Reserve Chair Jerome Powell warned that politicizing the central bank would erode its credibility in his first major speech since stepping down. Powell emphasized the importance of maintaining the Fed's independence as a priceless asset.

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MarketWatch
Former Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeches since stepping down from his post earlier this month.
2026-06-01 02:41 UTC
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