Federal Reserve Chairman Jerome Powell said it is a “cheap shot” for people to say that the Fed is political, pushing back on critics of the central bank, a group that most prominently includes President Donald Trump.

Powell made the remarks on Tuesday during a question-and-answer session at the Greater Providence Chamber of Commerce. Powell emphasized the Fed’s independence from the political realm. He said that in Washington , things are often viewed through the lens of partisan politics, but that is not the case for the central bank.

Recommended Stories

Scott Bessent to 'do what is needed' to help Argentina as it reels under libertarian Javier Milei

Rising black unemployment rings alarm bells for labor market

OnlyFans creators excluded from 'no tax on tips' in new IRS rules

“

See Full Page