Statement from Federal Reserve Chair Jerome H. Powell
· Jerome H Powell, Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates
JH · Jerome H Powell Wiki · Federal Reserve WikiStatement from Federal Reserve Chair Jerome H. PowellContextPublic statement by Jerome Powell, released by the Federal Reserve on 11 January 2026.
Why it mattersAn exceptional public statement in which the Fed Chair responds to a threat of indictment and defends the Fed's independence.
Problems raised- The Justice Department threatened the Fed Chair with indictment.
- The administration keeps pressuring the Fed.
- Monetary policy could be driven by intimidation.
Solutions proposed- Keep setting rates based on evidence and economic conditions.
- Stand firm in the face of threats.
- Defend the Fed's independence publicly.
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