Powell’s Independence Tested by Trump’s Monetary Policy Demands

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Former President Trump is openly criticizing Federal Reserve Chair Jay Powell for not cutting interest rates quickly enough, raising questions about Powell’s future in the role. There are concerns that replacing Powell with a Trump loyalist could harm the Fed’s independence and have a negative impact on the US economy. Legal challenges and political pressures are creating uncertainty around Powell’s position as he tries to balance the Fed’s objectives with the demands of the former president.