US Stock Market: Powell defends Fed autonomy as political pressure reaches new highs
- Posted on June 1, 2026
- By Business News Today
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- 1 min read
US Stock Market: Powell defends Fed autonomy as political pressure reaches new highs
Former US Federal Reserve Chair Jerome Powell strongly defended the central bank's independence. He warned that political interference could harm public trust in monetary policy. Powell received an award for safeguarding the Fed's autonomy. His remarks followed tensions with President Donald Trump over interest rates and Fed decisions. The article also mentions an immigration crackdown in Minnesota.
