Powell Defends Institutional Independence

Former Fed Chair Jerome Powell defended the critical role of independent institutions like the Fed, courts, and universities in preserving democracy, warning that political pressure could undermine public trust. Honored with the Profile in Courage Award for standing firm on Fed independence despite intense criticism, Powell also extended his defense to other pillars of American governance. He acknowledged the Fed’s human fallibility, including inflation missteps, and emphasized accountability. The award also spotlighted everyday courage, honoring Twin Cities residents who resisted immigration enforcement — underscoring that defending democracy takes many forms. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2dacc55b5dac97f5