Jerome Powell Warns The Fed Is Going Through a 'Stress Test' And Its Credibility Is On The Line

Former Fed chair Jerome Powell warned that the central bank is going through a "stress test" and its credibility will be tested in the near future. (Credit: Getty Images)

Former Federal Reserve chair Jerome Powell warned that the central bank is going through a "stress test" and its credibility will be tested in the near future.

In remarks after accepting the John F. Kennedy "Profiles in Courage" award, Powell said that, "like many other institutions, the Fed has been undergoing a stress test."