🚨 Powell Pushes Back Against Trump Admin Pressure 🚨
🇺🇸 Federal Reserve Chair Jerome Powell has issued one of his strongest public rebukes yet, criticizing what he describes as political interference in U.S. monetary policy.
A Rare, Blunt Response
Powell released a public statement and video distancing himself from the Trump administration’s actions — particularly the criminal investigation launched by the DOJ into his conduct and testimony.
He said the investigation isn’t about oversight, calling it part of broader “threats and ongoing pressure” aimed at influencing the Fed’s interest-rate decisions.
⚖️ Fed Independence on the Line
Powell warned that politicizing central banking threatens the Fed’s ability to set policy based on economic data and public welfare, not presidential demands.
He called the situation “unprecedented”, stressing that respect for rule of law and independent monetary authority is essential to economic stability.
🌍 Global Concern & Market Reactions
International leaders — including Germany’s finance minister — have expressed concern, saying central bank independence is a “clear line” that must not be crossed.
Economists and markets are reacting, with fears rising about political pressure shaping U.S. monetary policy.
The Bigger Context
The Trump administration has repeatedly attacked Powell for resisting its push for aggressive rate cuts, even threatening legal action — something rarely seen in U.S. economic governance.
⚠️ Powell’s rebuttal marks one of the strongest public defenses of Federal Reserve independence by a sitting chair, highlighting the growing tension between politics and policy.
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