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U.S. Federal Reserve Governor Jerome Powell on Sunday (May 31) warned about the impact of a politicized Fed and made a broader call for the defense of democratic institutions in his first public remarks since the end of his eight-year stint as head of the central bank. - REUTERS

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00:00Our public institutions carry us forward through change.
00:03These institutions embody our commitment to freedom, democracy, and service of the public good.
00:08The philosopher Edmund Burke warned that democratic institutions take much time, effort, and patience to build,
00:16but can be torn down all too quickly.
00:19It is essential that we preserve what is good in our institutions, even as we strive to improve them.
00:26What the public has every right to expect is that we will make our decisions based only on our best
00:33economic analysis of what would most benefit the people we serve.
00:37We do not take into account the fortunes of any political party or politician in making those decisions.
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