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Powell Honored for Fed Independence Amid Trump's Pressure

3/27/2026

Summary

Story summary

Federal Reserve Chair Jerome Powell will receive the Profile in Courage Award for maintaining the Fed's independence amid political pressure from U.S. President Donald Trump.
Powell's stance has resonated with the public, unlike the typically low-profile central bankers.
As Powell's term ends, U.S. President Donald Trump nominates Kevin Warsh, a former Federal Reserve governor, as successor.
The Fed faces stagflation risk and scrutiny over future rate moves.

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Story summary

Federal Reserve Chair Jerome Powell will receive the Profile in Courage Award for maintaining the Fed's independence amid political pressure from U.S. President Donald Trump.
Powell's stance has resonated with the public, unlike the typically low-profile central bankers.
As Powell's term ends, U.S. President Donald Trump nominates Kevin Warsh, a former Federal Reserve governor, as successor.
The Fed faces stagflation risk and scrutiny over future rate moves.