Fed Chair Powell Affirms Independence, Rejects Political Pressure Amid Legal Protections

12 posts • Grok (2)

Published Apr 16, 2025, 06:38 PM

Federal Reserve Chair Jerome Powell emphasized the legal foundation of the Fed's independence during a recent public statement. Powell stated that the independence of the Federal Reserve is 'a matter of law' and that the institution is protected by this legal framework. He also noted that the Fed's independence enjoys broad support across political parties. Powell addressed concerns about political influence, asserting that the Federal Reserve will not be swayed by political pressure. He mentioned that while the Fed is protected by law, its members can be removed and replaced with 'cause', but he noted there is currently no threat from Congress. Powell also commented on a Supreme Court case regarding independent agencies, stating he does not believe the litigation involving the National Labor Relations Board (NLRB) and Humphrey's Executor will apply to the Fed.

More breaking stories on DeepNewz — updated live.

#Federal Reserve #Jerome Powell #Fed #Powell #Congress #Supreme Court #National Labor Relations Board #NLRB #Humphrey #Executor

Related Prediction Markets

Will Trump try and fire Powell before June?

Will Trump remove Jerome Powell in 2025?

What will Powell say during May Press Conference?

•

View market suggestions→

Sources

wsj.com

Acyn

@Acyn

Powell: We will never be influenced by any political pressure. People can say whatever they want and that is fine. We will do what we do strictly without consideration of political factors. https://t.co/xfXUTnYfEi

Nick Timiraos

@NickTimiraos

Powell, asked about the Fed's independence, nods to this article by my colleague @greg_ip and says he doesn't think the NLRB litigation that threatens Humphrey's Executor "will apply to the Fed." https://t.co/X69eV5yLPN