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Powell warns Fed must stay political proof as he backs successor Kevin Warsh
Business
Published on 29 April 2026
A key line Powell used could reshape Washington ties
Federal Reserve Chair Jerome Powell stressed that the Fed must remain independent and insulated from political pressure to best serve the American people. Ahead of the leadership transition, he also congratulated Kevin Warsh as he advanced through the Senate Banking Committee, signaling confidence in the successor’s path toward taking the helm.
- Powell highlighted the Fed’s independence as essential
- He said political influence must not steer monetary policy
- Kevin Warsh advanced through the Senate Banking Committee
- Powell’s comments frame the stakes of the leadership shift
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times