Money
Briefing: Jay Powell extols ‘independence and integrity’ after latest attacks by Trump
Strategic angle: Fed chair cites importance of resisting short-term pressure in accepting Volcker award for public service
editorial-staff
1 min read
Updated 21 days ago
Federal Reserve Chair Jay Powell recently accepted the Volcker award for public service, during which he underscored the importance of the Fed's independence.
Powell's remarks come in the context of ongoing political pressures, particularly from former President Trump, who has criticized the Fed's policies.
The emphasis on resisting short-term pressures is crucial for maintaining the integrity of monetary policy and ensuring long-term economic stability.