In his first public remarks since stepping down as Federal Reserve Chair, Jerome Powell warned that the credibility of the Fed would be at risk if any president could dismiss officials over policy disagreements. Speaking at the John F. Kennedy Profile in Courage Award ceremony in Boston, he expressed that such actions would undermine public confidence in the Fed's commitment to making decisions for the benefit of all Americans. Powell emphasized the importance of maintaining the Fed's independence, which is protected by legal measures against political interference. His comments coincide with ongoing Supreme Court deliberations regarding the fate of Fed Governor Lisa Cook, whom President Trump has attempted to fire over unproven allegations. Powell's legacy includes defending the Fed against political pressure, particularly from Trump, who sought lower interest rates. He was honored with the Profile in Courage Award for his steadfast defense of the Fed's independence amid personal attacks and threats from government officials.