""My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors," Powell told reporters at a press conference on Wednesday, his last as Fed chair."
""I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public - which is the ability to conduct monetary policy without taking into consideration political factors," Powell added."
""I think I am confident ... that the Fed will continue to make its decision based on rigorous analysis and not on political considerations, but we've had to fight for it," Powell said."
""I like to think we can get out of that era and go back to respecting what the law says and what custom has been, which is to let the Fed do our thing," he added."
Jerome Powell's term as Fed chair ends on May 15, but he remains a governor until January 2028. He voiced concerns about legal attacks on the Fed, which threaten its ability to conduct monetary policy free from political influence. Powell emphasized the importance of the Fed's independence and the need to respect traditional governance practices. He plans to maintain a low profile as a governor, acknowledging the unique situation of remaining in the role after his chair term ends.
Read at Axios
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