South China Morning Post
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Powell uses JFK award speech to defend Fed from political pressure
Former US 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 honouring his efforts to preserve the central bankโs independence. Speaking at the John F. Kennedy Presidential Library, Powell called universities, courts, Congress and the central bank โthe foundation and the embodiment of our democracyโ and argued that the Fedโs independence was a โpriceless assetโ that must be...