The Daily Friend January 17, 2026 Jerome Powell’s eloquent defence of Federal Reserve independence, delivered in a two-minute YouTube video on January 11th, was an inspiring act of courage. The 72-year-old outgoing Fed chairman spoke after receiving a grand jury subpoena that threatened a criminal indictment over his Congressional testimony about renovations to Federal Reserve buildings. Powell called alleged cost-overruns a pretext.  The real issue, … Continue reading Powell, by Fighting Back, Makes it More Likely the Fed Will Retain its Independence