Powell Addresses Final Presser: ‘Not Because the President Says It’, Cites Middle East Impact on US Economy
Powell Addresses Final Presser: ‘Not Because the President Says It’, Cites Middle East Impact on US Economy
“I won’t see you next time.”
Jerome Powell ended his final press conference with a striking message about the Federal Reserve, the White House, and the American economy.
Powell said the Fed’s work is not bipartisan. It is nonpartisan.
His point was blunt: the central bank does not make decisions because a president wants them, because an election is coming, or because politicians want the economy sped up or slowed down.
“We just work directly for the American people,” Powell said.
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