Jerome Powell says Fed independence isn’t lost … yet. ‘I certainly hope we won’t’ lose it

Fed Chair Jerome Powell stands at podium and talks (Credit: Kevin Dietsch—Getty Images)

In a press conference Wednesday following the Federal Reserve’s decision to hold interest rates steady, Chair Jerome Powell made clear his stance on the Fed’s independence.  

“We haven’t lost it. I don’t believe we will. I certainly hope we won’t,” Powell said.