Jerome Powell accepted the John F. Kennedy Profiles in Courage award on Sunday evening at the JFK Presidential Library and Museum in Boston and stated that the Federal Reserve faces a stress test while emphasizing congressional insulation of monetary policy from political pressure. Powell's term as chair ended May 15, though he remains one of seven governors and pledged a low profile. A criminal investigation into the Fed's over-budget building renovation and an attempted removal of Governor Lisa Cook were also referenced in coverage of the event.