The feud between Trump and Federal Reserve Chair Jerome Powell has escalated this week. Here’s the latest act in this high-stakes drama: 🖊 Powell’s Defiant Stance: Independence Above All Powell publicly reaffirmed the Fed’s operational independence, stating that the president lacks authority to remove its chair. He declared his refusal to resign, vowing to serve until his term ends in May 2026. “Policy decisions will remain guided by economic data, not political pressure,” he emphasized. 🖊 ...

The feud between Trump and Federal Reserve Chair Jerome Powell has escalated this week. Here’s the latest act in this high-stakes drama: 🖊 Powell’s Defiant Stance: Independence Above All Powell publicly reaffirmed the Fed’s operational independence, stating that the president lacks authority to remove its chair. He declared his refusal to resign, vowing to serve until his term ends in May 2026. “Policy decisions will remain guided by economic data, not political pressure,” he emphasized. 🖊 ...