Powell Defends Fed Independence as Trump Calls Him ‘Very Dumb’

Federal Reserve Chair Jerome Powell staunchly defended the independence of the Federal Reserve in response to recent criticisms from former President Donald Trump, who labeled him as 'very dumb.' In a recent public statement, Powell emphasized the importance of maintaining the Fed's autonomy in making monetary policy decisions free from political pressure, which he believes is crucial for the economic stability of the nation. His remarks come amid ongoing tensions between the central bank and the Trump administration, highlighting the critical balance between economic governance and political influence. source: https://blocknews.com/powell-defends-fed-independence-as-trump-calls-him-very-dumb/