{"id":460,"date":"2026-06-01T09:11:27","date_gmt":"2026-06-01T09:11:27","guid":{"rendered":"https:\/\/nationwideinterstatemovers.com\/?p=460"},"modified":"2026-06-01T09:11:27","modified_gmt":"2026-06-01T09:11:27","slug":"trump-nemesis-uses-award-speech-to-twist-the-knife","status":"publish","type":"post","link":"https:\/\/nationwideinterstatemovers.com\/?p=460","title":{"rendered":"Trump Nemesis Uses Award Speech to Twist the Knife"},"content":{"rendered":"<article>\n<p>Jerome Powell took thinly veiled swipes at Donald Trump at his first major public appearance since stepping down as chair of the Federal Reserve.<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=458\">Manic Trump, 79, Melts Down at \u2018Unpatriotic\u2019 Republicans in 1AM Rage Post<\/a><\/p>\n<p>During a speech accepting this year\u2019s John F. Kennedy Profile in Courage Award, Powell warned that America\u2019s central bank is going through a \u201cstress test\u201d amid ongoing pressure tactics from the 79-year-old president that threaten its independence.<\/p>\n<div>\n<p>Trump had long attacked Powell as \u201cstupid,\u201d a \u201cdummy,\u201d and a \u201cknucklehead\u201d for refusing to slash interest rates as quickly as the president wanted. Trump escalated his feud with Powell after his Department of Justice goon, U.S. Attorney Jeanine Pirro, launched a since-dropped federal investigation into the ballooning costs of renovations to Federal Reserve buildings.<\/p>\n<\/div>\n<p>While not mentioning Trump by name during his speech at the John F. Kennedy Presidential Library in Boston, Powell delivered a pointed warning about the president\u2019s actions, including his threats to fire Federal Reserve officials he does not like.<\/p>\n<p>\u201cLike many other institutions, the Fed has been undergoing a stress test,\u201d Powell said. \u201cCongress wisely chose to insulate monetary policy decisions from political pressure. All other advanced economies have done the same.\u201d<\/p>\n<p>As well as trying to pressure Powell to lower interest rates or resign as Fed chair early, Trump also sought to remove Federal Reserve Governor Lisa Cook during his feud with America\u2019s central bank.<\/p>\n<p>Cook is facing a highly dubious mortgage-fraud investigation and has sued the administration over the unprecedented attempts to have her fired. Powell, who took the unusual step of keeping his seat on the Fed\u2019s governing board after stepping down as chair to prevent Trump from appointing a new member, also warned of the consequences of allowing politicians to bend the central bank to their whims.<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=457\">Students for Trump Founder Arrested for Allegedly Assaulting a Woman\u2014Again<\/a><\/p>\n<p>\u201cAdministrations play no role in the selection or oversight of the 12 Reserve Bank presidents. These protections have served the public well, and administrations from both political parties have respected them,\u201d Powell said.<\/p>\n<p>\u201cIf any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The public would lose faith that the central bank will make decisions based only on what\u2019s best for all Americans,\u201d he said. \u201cThe Fed\u2019s credibility would be lost. That credibility enables the Fed to support a strong and stable economy for the benefit of American families and businesses.\u201d<\/p>\n<p>Powell was awarded the John F. Kennedy Profile in Courage Award for his efforts to preserve the Federal Reserve\u2019s independence during his tenure as chair.<\/p>\n<p>Powell admitted that some of his unpopular decisions, such as not raising interest rates quickly enough after the COVID-19 pandemic, were made based on the bank\u2019s \u201cbest economic analysis,\u201d rather than political pressure or bias.<\/p>\n<p>\u201cAt the Fed, we are, of course, human and thus imperfect. When we make mistakes, we acknowledge them and change course,\u201d Powell said.<\/p>\n<p>\u201cWe do not take into account the fortunes of any political party or politician in taking those decisions.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=455\">Furious Trump Makes Bonkers Excuse for Mass Exit of Federal Lawyers<\/a><\/p>\n<div>\n<p>The Daily Beast has contacted the White House for comment.<\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Jerome Powell took thinly veiled swipes at Donald Trump at his first major public appearance since stepping down as chair of the Federal Reserve. Read more Manic Trump, 79, Melts Down at \u2018Unpatriotic\u2019 Republicans in 1AM Rage Post During a speech accepting this year\u2019s John F. Kennedy Profile in Courage Award, Powell warned that America\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Nemesis Uses Award Speech to Twist the Knife - Nationwide Inter State Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationwideinterstatemovers.com\/?p=460\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Nemesis Uses Award Speech to Twist the Knife - Nationwide Inter State Movers\" \/>\n<meta property=\"og:description\" content=\"Jerome Powell took thinly veiled swipes at Donald Trump at his first major public appearance since stepping down as chair of the Federal Reserve. 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