Washington: U.S. Federal Reserve Governor Jerome Powell on Sunday warned about the impact of a politicized Fed and made a broader call for the defense of democratic institutions in his first public remarks since the end of his eight-year stint as head of the central bank.
"Democratic institutions take much time, effort, and patience to build but can be torn down all too quickly," Powell said in remarks prepared for delivery as he accepted the John F. Kennedy Profile in Courage Award, given by the John F. Kennedy Library Foundation.
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