Recognizing Jerome Powell

Floor Speech

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Mrs. BEATTY. Mr. Speaker, I rise today to recognize Chair Jerome Powell, who has served with honor and integrity on the Federal Reserve's Board of Governors for 13 years.

Mr. Speaker, I rise and join Democrats, Republicans, and other leaders because the Justice Department's criminal investigation into Chair Powell is yet another attempt by Trump to take control of the Fed, endangering household finances across the country.

Our economy relies on an independent Federal Reserve, and every American should be deeply concerned and alarmed by this administration's dangerous efforts to politicize our central bank.

Interest rate decisions directly impact American households through inflation, the labor market, savings, and household costs. It is imperative that these decisions be driven by economic data and evidence, not partisan pressure.

I ask my colleagues to stand up and use their voices to defend an independent Fed.

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