Powell Defends Fed Independence, Declines to Discuss Subpoenas or Succession Chair Powell emphasized the importance of central‑bank independence, said he would not respond to other officials' criticisms, and declined to comment on subpoenas or on whether he will remain a Fed governor; he called attendance at a Supreme Court proceeding "precedented."

Chair Powell stood firm on the Fed's independence, refusing to be drawn into political debates or discuss subpoenas, emphasizing the critical role of credibility in central banking.

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