Jerome Powell warns that politicizing Fed will erode its credibility

Former Fed Chair Jerome Powell said the Federal Reserve's independence is a "priceless asset" that must be protected, underscoring the importance of central bank autonomy. The remarks were made in one of his first major speeches since stepping down earlier this month. The article is largely commentary rather than a policy action, so immediate market impact appears limited.

Analysis

Former Fed Chair Jerome Powell said the Federal Reserve's independence is a "priceless asset" that must be protected, underscoring the importance of central bank autonomy. The remarks were made in one of his first major speeches since stepping down earlier this month. The article is largely commentary rather than a policy action, so immediate market impact appears limited.