Powell makes renewed case for Fed independence
Former chair invokes presidents Kennedy and Adams in plea for institutional autonomy to be respected
Jerome Powell has again called for the Federal Reserve to be protected from political interference, in one of his first public interventions since stepping down as chair of the US central bank.
In a speech at the John F Kennedy Library Foundation in Boston on May 31, he outlined why the Fed should be able to take monetary policy decisions based on the fundamentals of the economy rather than the short-term considerations of the electoral cycle.
Powell, who remains a governor of the Fed and a member
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