Economics

Powell Lauds Former Fed Chairman for Forging Fed’s Independence

Jerome Powell
Photographer: Andrew Harrer/Bloomberg

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By Christopher Condon

October 7, 2019 at 5:00 PM UTC

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Federal Reserve Chairman Jerome Powell praised one of his early predecessors for laying the foundations for the independence of the U.S. central bank, in comments that looked back to the 1930s but resonate strongly today.