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Jerome Powell
Chair, Federal Reserve of the United States

LIVE | Powell Speaks At JFK Award Ceremony; First Appearance After Fed Chair Tenure Ends | APT

📅 May 31, 2026 APT 70 MIN 2373 VIEWS 46 SEGMENTS · 10 SPEAKERS
Join this channel to get access to perks:    / @apt_news   Jerome Powell deliveres acceptance remarks at the John F. Kennedy Profile in Courage Award Ceremony in Boston, Massachusetts. The event honors public officials and leaders recognized for political courage and principled decision-making. #JeromePowell #FederalReserve #Fed #Boston #Economy #Inflation #InterestRates #USNews #Finance #MonetaryPolicy #BreakingNews #WorldNews #APT

What Jerome Powell said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Jerome Powell, former Federal Reserve Chair, accepted the 2026 Profile in Courage award, reflecting on his early memory of President Kennedy's assassination and the enduring value of American institutions. He defended the Federal Reserve's independence, emphasizing that its decisions are based solely on economic analysis, not political considerations. Powell detailed the Fed's legal protections against removal and warned that any administration removing officials over policy differences would undermine the central bank's credibility. He highlighted the Fed's role in providing stability during the global financial crisis and the COVID-19 pandemic, crediting its career staff. Powell stressed the importance of preserving democratic institutions and the rule of law, quoting John Adams and Edmund Burke, and closed with Kennedy's inaugural call to service.

Key takeaways

  1. Powell stated he is staying on the Fed's board of governors because of recent actions, having planned to retire.
  2. He warned that removing Fed officials over policy differences would cause the public to lose faith in the central bank.
  3. Powell emphasized the Fed's decisions are based only on economic analysis, not political party or politician fortunes.
  4. He credited the Fed's career staff for the U.S. economy performing best among comparable economies during two crises.
  5. Powell affirmed the Fed's legal protections for governors and reserve bank presidents against removal.

Numbers and commitments

FigureWhat it refers toTypeAt
1913 Year the Federal Reserve was founded timeline 58:45
20 years Period covering two world-historical crises timeline 59:34
14 years Powell's tenure serving alongside Fed career staff timeline 59:34
1963 Year of Kennedy assassination, Powell was a fifth grader timeline 56:19
80 years Duration of international economic and security arrangements timeline 58:17

Chapters

  1. 0:00Award presentation and introduction
  2. 56:19Powell's early memory of Kennedy
  3. 57:28American institutions and integrity
  4. 58:45Federal Reserve's role and history
  5. 1:00:31Monetary policy independence
  6. 1:01:21Legal protections for Fed officials
  7. 1:02:26Credibility and rule of law
  8. 1:04:10Closing with Kennedy's inaugural words
Narrator 30:06 ↗
And now, the John F. Kennedy Library Foundation is pleased to present the 2026 Profile in Courage award ceremony.
In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility. I welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavor will light our country and all who serve it. And the glow from that fire can truly light the world.
Please welcome Caroline Kennedy, honorary president of the John F. Kennedy Library Foundation.
Caroline Kennedy 31:18 ↗
Hi everybody. Thank you so much for being here and joining us tonight. A few days ago, we celebrated Memorial Day and my father's birthday. It gave us a chance to honor those who have sacrificed their lives to defend our Constitution and the ideals we so often take for granted. Before we begin tonight's ceremony, I'd like to offer a prayer for our men and women in uniform serving overseas right now. May they come home safely. I'd also like to recognize Admiral Kirby and library board member, Navy SEAL, NASA astronaut Chris Cassidy, and any other military and former military who are here tonight with us.
In his inaugural address, President Kennedy challenged all Americans to give back to this country that has given us so much. My father inspired a generation and now as their children and grandchildren, it's our turn to serve, to be active citizens and courageous leaders in any way we can. Thank you for supporting his legacy by being here tonight or by watching at home. And especially to everyone watching in the Twin Cities, we are so happy to share this night with you.
My father believed that politics is a noble profession and the best way to solve our most difficult problems. He understood the sacrifices it requires and admired those who are willing to serve. Tonight's a chance to celebrate the best in our elected officials and we're fortunate to have many distinguished public servants here. I'd like to thank Senator Klobuchar, Mayor Frey, Senator Reid, Congressman Amo, and all those who hold or have held elective office and ask them to stand.
We couldn't do this work without the many people who sustained this institution throughout the year. The staff of the foundation, National Archives led by Rachel Flor and Alan Price and their teams. Bob Rivers, our chair and our board chair. Thank you, Bob. Thank you, Alan and Rachel. We're fortunate to have some of our most generous supporters stand with us this year. I want to thank Eastern Bank, WilmerHale, the MacArthur Foundation, and the entire Donoghue family for being here every year and supporting the library in this award.
The Library Foundation has been successful thanks to its extraordinary leaders and we've been honored to have Senator Paul Kirk, Ken Feinberg, Ron Sergeant, John Shadish, and we remember our friend and former director Chuck Daly who we lost this past year. Politics is a family endeavor and I'm so grateful to the members of my family who are here tonight and whose support over many years has kept my father's spirit alive and made this institution a living memorial. Thank you Vicki and Stephen and Cheryl for your service to the library. You were always there when we need you. This year we even have new family members here. I'm so happy to welcome Emma Schreiver and Garrett and Mary Moran.
Most of all, we remember Tatiana who served on the board of this library and represented everything my parents stood for in her beautiful, amazing, and too short life.
It's hard to be a profile in courage, but sometimes it's even harder to be their family member. I know they couldn't do it without you. And I'd like to ask the family members of our elected officials and our honorees to stand so we can give you all a round of applause.
Most of all, I'd like to thank my husband, Ed, who has dedicated the past 40 years to making sure this library is best-in-class. He designed this award based on the lantern of the USS Constitution, the oldest ship in the Navy, which is just down the harbor, and reminds us that we each have a responsibility to shine a light in the darkness and protect our democracy.
And I want to thank my partner in the work of this award, my son Jack, who has spent more than 12 years working to bring his grandfather's legacy to new generations and who is running a fantastic campaign for New York 12. I'm so proud of him for empowering thousands of people to believe in politics again, and I know my father would be too.
This award was founded to honor the quality in public life that my father thought most essential: courage. Inspired by his book, this award is usually given to elected officials who risk their careers to do what is right for our country. Over the past 37 years, we have honored men and women, Republicans and Democrats, serving in local, state, and national office.
This year, we honor Americans who risk their careers, their safety, and even their lives to hold politicians to account and keep America true to her promises. Governor Pawlenty never wavered in his duty to the public interest. He showed that public service is a privilege and comes with great responsibility. With dignity and resolve, he demonstrated his commitment to the American people and America's leadership role in the global economy. Despite years of personal attacks, baseless prosecution, and efforts to undermine him, the people of the Twin Cities reminded all Americans that we cannot take our democracy for granted. We each need to stand against injustice when it really matters. They mobilized, organized, and refused to be terrorized by an overwhelming federal crackdown, which sent 3,000 heavily armed ICE agents into their communities to arrest and deport citizens and non-citizens alike.
Across racial, religious, and political lines, and across business and labor, volunteers mobilized to protest peacefully, document violent overreach, build rapid response networks, provide food and clothing to immigrant neighbors, and so much more. Joining Chicago, Portland, and other communities, their compassion and unwavering commitment to the ideals that sustain our democracy inspired communities across this country and forced the federal government to back down.
We especially remember the courage of Renee Good and Alex Prey who gave their lives for their community and our country. We are honored to have with us here tonight Renee's father Tim Ganganger, her brother Brent, and her sister Anna.
As we celebrate America's 250th birthday, their courage and the integrity and courage of all our honorees sets an example for all of us. We are sorry we couldn't have everyone from the Twin Cities here tonight, but we're lucky to have so many people hosting watch parties at home and have with us four remarkable people to represent you.
Imam Yusuf Abdullah, executive director of the Islamic Association of North America and co-founder of the Somali-American Leadership Table and graduate of UMass Boston, who helped the Somali community withstand rising hate crimes and political attacks, and joined other religious leaders to help lead peaceful protests. Natalie Eritt, a veteran whose son inspired her to start Haven Watch. After he met people who have been released from the Whipple detention center warehouse at night in the freezing cold with no clothes, food, phones, or transportation. When I spoke with her a few weeks ago, she was trying to stop an 11-year-old girl from being taken to Louisiana for deportation by two armed male federal agents with no information as to their name, flight number, accommodation, or plan.
Carolina Ortiz, associate director of COPAL, which helped a coalition of over 100 immigrant, labor, legal, and community organizations organize rapid response efforts and train more than 30,000 constitutional observers to document rights violations. Columbia Heights School Superintendent Zana Stenbick, who forcefully spoke out after her students were harassed and detained on the way to and from school. She has exposed brutal ICE tactics, set up neighborhood watches around the schools as ICE patrolled the streets so that students would be safe, and she galvanized educators across the Twin Cities to make schools protected spaces. We will now take a moment to hear from them in a short video.
Zana Stenbick 42:41 ↗
It's a privilege to live where it's quiet, but we've always been a socially and politically active family. I think it's important for my sons to see how to use their voice. Columbia Heights Public Schools has always been an immigrant community. About half of our students are considered English learners. We have the best kids. I wanted to make sure that our students were protected, our families were protected, and our whole community was protected. That's why I spoke up immediately. Liam was our second student taken by ICE agents. He was our fourth student overall taken out of seven. That was my tipping point.
Imam Yusuf Abdullah 43:23 ↗
In the early 1990s after the collapse of the Somali government and the start of the civil war, the challenges were like any other challenge that any other community of immigrant background faces in the United States. Sometimes Somalis would be characterized as pirates, the terrorism, al-Shabaab, all of that. But this ICE surge was different.
Natalie Eritt 43:47 ↗
Growing up undocumented, it's always been a lot of fear, uncertainty, and for some of us, it's an extension of our reality. ICE agents were coming to Minnesota. There was a lot of showing of force. We had people that were arriving home and the agents were already there waiting for them. I actually had several agents show up at my home. They were looking through the mailbox. They were looking through my windows. They were following my neighbors, questioning them. We had community members who were just taken off the street. Sometimes they didn't have anything that identified them as ICE agents. The conditions within Whipple is something that we know about. People were not being let go to the restroom. People were being shackled. There were individuals with broken bones that did not get the medical help that they needed. Whipple is in the middle of nowhere. So, they're released out of those gates with nothing but what you're wearing at the time and there's nobody waiting for you. So, Haven Watch felt like what we were providing for these people. We didn't have a lot to give, but we had a warm car and a loving person waiting for them. And watch was because we were maintaining that 24/7 presence at the gate watching for them. Like we were going to watch for you. We were going to wait for you and we were going to be your safe haven.
Zana Stenbick 45:18 ↗
It was a very dark time for us. There was no longer a typical day during the surge and we did really want to make sure that we were developmentally appropriately caring for the students because we knew that the children could see people being detained. I never asked anyone to volunteer and to help out. Everyone volunteered and helped out on their own. Right after a long day of teaching, teachers walked kids home right behind the school that we're in right now, you know, a mile in back. I noticed a lot of young men and that was really hard for me because they were the age of my son. I would interview them after they were released and I'd have to sit there and listen to their story trying to be professional when I wanted to collapse. And whether they were held for 6 hours or 6 weeks, the trauma was the same across the Twin Cities.
Carolina Ortiz 46:10 ↗
This was happening. Local churches came together. Food shelves became resource hubs to distribute food. Everyone volunteered and helped out. While we're going against an agency that has billions of dollars and has a lot of resources. That's not easy. But I think it's also a reminder that what is coming ahead of us is us continuing to protect our human rights, our constitution, our democracy, and that is what is ahead for COPAL. We have trained over 30,000 constitutional observers. I choose to continue doing this work because as I hear people saying we need to go back to normality, I think we need to reimagine what type of future our community truly deserves. I encourage everybody to choose to be brave.

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APA

Powell, J. (2026, May 31). LIVE | Powell Speaks At JFK Award Ceremony; First Appearance After Fed Chair Tenure Ends | APT [Interview transcript]. APT. CEOInterviews.AI. https://ceointerviews.ai/interview/955060/

MLA

Jerome Powell. "LIVE | Powell Speaks At JFK Award Ceremony; First Appearance After Fed Chair Tenure Ends | APT." APT, 31 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/955060/.

BibTeX
@misc{powell2026_955060,
  author       = {Jerome Powell},
  title        = {LIVE | Powell Speaks At JFK Award Ceremony; First Appearance After Fed Chair Tenure Ends | APT},
  howpublished = {Interview transcript, APT. CEOInterviews.AI},
  year         = {2026},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/955060/},
  note         = {Speaker-attributed transcript with timestamps}
}