Fed Chair Powell (Q&A) says his concern is about the series of legal attacks on the Fed which threaten ability to conduct monpol
Importance
Level 1
- Says actions by the administration are unprecedented
- Ongoing threats of additional action threatens the Fed's ability to do its job
- Important that people can depend on Fed to set policy free of political influence
- Will leave the Fed when it is appropriate to do so
- Does not see his decision as political; he staying because of the actions of the administration
- Events of the last three months leave him no choice but to stay
- Intention is not to interfere with new Fed Chair
- Notes it is difficult to get consensus with 19 strong-minded people