Fed Chair Powell (Q&A) says every advanced economy has made the decision to keep monetary policy as independent, want to take it out of the direct control of elected officials

Newsquawk StaffFederal Reserve newsPublished 29 Apr 2026, 19:40 UTC

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19:20

Fed Chair Powell (Q&A) says every advanced economy has made the decision to keep monetary policy as independent, want to take it out of the direct control of elected officials

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On the Newsquawk feed at 19:20, 20 minutes before this page.

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Says elected officials always want low rates, which can lead to inflation
Independence model has worked great in tackling inflation
It is not bipartisan, it is non-partisan
Without this, markets would not believe Fed's ability to control inflation
Fed's credibility in markets has not weakened
Markets are pricing in Fed credibility

Context

Fed Chair Powell's remarks underscore the critical importance of maintaining monetary policy independence to effectively combat inflation, a stance echoed by other advanced economies. This reinforces the Fed's credibility, suggesting that any shift toward political influence could undermine market confidence and the current inflation-containment strategy. Traders should consider how this influences expectations for future rate paths and the overall economic outlook, particularly in the USD and broader fixed income markets.

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