Fed Chair Jerome Powell defends the bank's pandemic response amid criticism from Trump and Warsh.

Federal Reserve Chairman Jerome Powell defended the bank's pandemic response during a speech at Princeton University. Powell highlighted the Fed's decision to cut interest rates to near zero and launch a massive asset-purchase program. He praised U.S. government workers and universities, which have faced criticism from the Trump administration. Powell's remarks came amid criticism from President Trump and former Fed governor Kevin Warsh.