Jerome Powell warned that a politicized Fed would lose the public's trust

The former Fed chair accepted the JFK Profile in Courage Award in Boston, calling the central bank's credibility a "priceless asset"

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Jerome Powell warned Sunday that any administration that removes Federal Reserve officials over policy differences would cause the public to lose faith in the central bank, delivering his first public remarks since stepping down as Fed chair.

"If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well," Jerome Powell said while accepting the John F. Kennedy Profile in Courage Award at the John F.........

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