6 Words From Ex-Fed Chair Jerome Powell That Could Change Everything for Wall Street

6 Words From Ex-Fed Chair Jerome Powell That Could Change Everything for Wall Street

Key PointsFormer Fed Chair Jerome Powell warned that political interference with the central bank could destroy its credibility -- and with it, the foundation of stable markets.If investors lose trust in the Fed's independence, Treasury yields could spike, triggering a damaging feedback loop of higher borrowing costs across the economy.While the threat isn't imminent, long-term investors should focus on what they can control: owning shares of du…