Powell: "Building democratic institutions is hard, but collapse is easy"

JH Kim

Summary

U.S. Federal Reserve Chair Jerome Powell said he warned about the fragility of democratic institutions.
Powell said that building strong democratic institutions is very difficult, but tearing them down is much easier.
He said the remarks emphasized the importance of institutional trust and stability amid a widening of political and economic uncertainty.

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U.S. Federal Reserve (Fed) Chair Jerome Powell warned about the fragility of democratic institutions.

According to Walter Bloomberg on the 30th (local time), Powell said, "Building strong democratic institutions is very difficult, but tearing them down is much easier."

The remarks are interpreted as underscoring the importance of institutional trust and stability at a time when political and economic uncertainty is widening.