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Former Fed Chair Powell Delivers a Pointed Warning, Wrapped in Abstraction
Economy • Central Banking
Former Fed Chair Powell Delivers a Pointed Warning, Wrapped in Abstraction
Accepting an award for political courage, the Fed governor hinted at why he broke with convention to keep his board seat
By Nick Timiraos
May 31, 2026 8:30 pm ET
Jerome Powell speaking at a news conference, with an American flag to his right.
Jerome Powell in April. Daniel Heuer/Bloomberg News
In a speech that dwelled on lofty civic themes, former Federal Reserve Chair Jerome Powell grew conspicuously specific about one thing on Sunday night: that the central bank cannot survive if any administration finds a way to remove its officials over policy disagreements.
Powell, now a Fed governor, accepted an award recognizing political courage from the family of former President John F. Kennedy at a ceremony in Boston. Speaking in generalities about institutions, the rule of law and the inheritance of American democracy, he named no president and aired no specific grievance.
{snip}
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Former Fed Chair Powell Delivers a Pointed Warning, Wrapped in Abstraction
Accepting an award for political courage, the Fed governor hinted at why he broke with convention to keep his board seat
By Nick Timiraos
May 31, 2026 8:30 pm ET
Jerome Powell speaking at a news conference, with an American flag to his right.
Jerome Powell in April. Daniel Heuer/Bloomberg News
In a speech that dwelled on lofty civic themes, former Federal Reserve Chair Jerome Powell grew conspicuously specific about one thing on Sunday night: that the central bank cannot survive if any administration finds a way to remove its officials over policy disagreements.
Powell, now a Fed governor, accepted an award recognizing political courage from the family of former President John F. Kennedy at a ceremony in Boston. Speaking in generalities about institutions, the rule of law and the inheritance of American democracy, he named no president and aired no specific grievance.
{snip}
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8