Powell Vows to Stay at Fed Until DOJ Probe is Resolved
Fed Chair Jerome Powell praised Paul Volcker's integrity while defending Fed independence. He pledged to remain in his post until a DOJ probe is resolved.
Xurve View
Xurve View
Federal Reserve Chair Jerome Powell on Saturday praised the legacy of former Chair Paul Volcker, specifically highlighting his "willingness to resist" political pressure during his battle against inflation in the 1980s. Powell’s remarks, delivered via video as he accepted the Paul A. Volcker Public Integrity Award, come at a critical juncture as he defends the independence of the central bank in the United States against ongoing pressure from the executive branch.
