Fed Chair Powell (Q&A) says central bank independence has served the people well

• Says it is a good practice
• If it is lost, it would be hard to restore the credibility of the institution
• Does not believe that the Fed has lost policy independence 
• Powell says he is strongly committed to independence

Fed Chair Powell emphasized the importance of central bank independence during his Q&A, asserting that it has greatly benefited the public. His strong commitment to maintaining this independence suggests stability in monetary policy, which should support the credibility of the Fed in the eyes of markets. This reinforces the Fed's current trajectory on policy and could stabilize expectations for interest rates, affecting the USD and investment sentiment across equities and fixed income.