Jerome Powell

Jerome Powell is the former Chair of the United States Federal Reserve, having served in the role since 2018 before being succeeded by Kevin Warsh. He is currently newsworthy due to his vocal warnings against political interference in the Federal Reserve's monetary policy. Powell has stated that even a single act of political interference could permanently damage public trust in the central bank, describing the institution as being in a "stress test" amid ongoing political pressure. He made these remarks in speeches while accepting awards, emphasizing the importance of the Fed's independence, alongside that of courts and schools, as foundational to American institutions. His comments come at a time when the Fed's independence has faced scrutiny, particularly amidst political attacks on the central bank.