On the recordJuly 1, 2025
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Jerome Powell: “If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take…”
Editor's note · Context
Powell stressed the importance of political independence for the Fed.
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The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
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