{"id":11332,"date":"2026-06-01T16:01:47","date_gmt":"2026-06-01T16:01:47","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=11332"},"modified":"2026-06-01T16:01:47","modified_gmt":"2026-06-01T16:01:47","slug":"jerome-powell-uses-jfk-award-speech-to-warn-against-political-pressure-on-fed-courts-and-schools","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=11332","title":{"rendered":"Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools"},"content":{"rendered":"
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By LEAH WILLINGHAM<\/strong><\/p>\n

BOSTON (AP) \u2014 Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank\u2019s independence.<\/p>\n

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Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities, courts, Congress and the central bank \u201cthe foundation and the embodiment of our democracy\u201d and argued that the Fed\u2019s independence was a \u201cpriceless asset\u201d that must be protected.<\/p>\n

It was one of his most direct defenses of Fed independence, warning that a single administration\u2019s decision to remove bank officials over policy differences would open the way for future elected officials to follow suit, ultimately undermining the credibility that the Fed has spent decades building.<\/p>\n