Powell Accuses Trump of Political Pressure on Fed as

Generally, You should be aware of the fact that Federal Reserve Chair Jerome Powell is speaking out against the Trump administration. Apparently, He is accusing them of trying to influence the Fed’s decisions on interest rates. Normally, The Fed is supposed to be independent, but it seems like that is not the case here. Obviously, The Trump administration is using a criminal investigation to put pressure on the Fed. Usually, This kind of thing does not happen, but it is happening now.

Federal Reserve Chair Addresses Political Pressure

Basically, The Federal Reserve Chair Jerome Powell made a statement on sunday, and it was a big deal. Usually, The Fed chair does not make televised statements, but this time it was necessary. Apparently, The Justice Department issued grand jury subpoenas related to the renovation of the Fed’s headquarters, and that is a problem. Naturally, This has raised some concerns about the Fed’s independence.

Concerns Over Independence

Clearly, The move by the Justice Department has people worried about political interference in the central bank’s operations. Obviously, The Fed is supposed to be able to make its own decisions about monetary policy, but that is not happening. Generally, The tension between the Fed and the Trump administration has been going on for a while now, and it is getting worse. Apparently, Powell’s statement is a sign that the Fed is pushing back against the Trump administration’s attempts to influence its decisions.