13 Days
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الاقتصادية
Powell cautions against politicizing the Fed
Jerome Powell warned against the politicization of American institutions, emphasizing that the independence of democratic institutions like the Federal Reserve is fundamental to the stability of the United States and its global standing. He noted that building institutions takes years, but they can be undermined quickly, warning of the risks of political interference that could weaken public trust and open the door to future interventions in the central bank's work. Powell reaffirmed that the safeguards protecting the Fed's independence have served the public interest and urged not to isolate bank officials due to political disagreements in order to maintain the credibility of decisions.
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