US President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, questioning his leadership and policies. Since Powell’s appointment in 2018, Trump has repeatedly criticized him, particularly over interest rate decisions. Recently, Trump suggested on social media that Powell’s removal should happen ‘as soon as possible.’ This rhetoric has raised concerns about the independence of the Federal Reserve, a cornerstone of economic stability. Despite Trump’s comments, Powell maintains that he cannot be legally removed without cause. Analysts warn that any perceived loss of Fed independence could lead to increased borrowing costs and market instability.
— new from BBC
