Jerome Powell, the former Federal Reserve Chair, used a major public appearance to champion the independence of vital institutions, accepting an award recognizing his efforts to safeguard the central bank’s autonomy.
Speaking at the John F. Kennedy Presidential Library in Boston, Powell underscored the critical role of universities, courts, Congress, and the Federal Reserve, describing them as "the foundation and the embodiment of our democracy." He asserted that the Fed’s independence was a "priceless asset" demanding protection.
