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Axios
Axios
US · 3 hrs ago
75◉ Centre
Jerome Powell warns that the Fed's credibility is at risk
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Quality 75/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline

Former Federal Reserve chair Jerome Powell warns that the Fed faces a credibility crisis, framing institutional independence as under stress in remarks made while accepting a courage award.

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Score: 75Opens in app
Jerome Powell warns that the Fed's credibility is at risk
In his first public remarks since the conclusion of his time as Federal Reserve chair, Jerome Powell has issued a blunt warning that the central bank is undergoing a "stress test" and its credibility is on the line. The big picture: While Powell's remarks Sunday evening, in accepting the John F. Kennedy "Profiles in Courage" award, do not mention the Trump administration's attempts to undermine Fed independence specifically, the meaning of his words is plain. Those include a criminal investigat
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