AI Summary

Former Federal Reserve Chair Jerome Powell made one of his first major public appearances since leaving office to accept an award honoring his work to preserve the central bank’s independence. The ceremony took place on Sunday at the John F. Kennedy Presidential Library overlooking Boston Harbor. In his remarks, Powell described universities, courts, Congress and the Fed as “the foundation and the embodiment of our democracy.” He argued that the Fed’s independence is a “priceless asset” that must be protected.

AI summaries can be wrong sometimes—always verify important details using the source article.