DoJ’s probe into Powell galvanises Fed leaders to repel Trump attacks

The investigation into Powell serves as a pivotal moment for the Federal Reserve, emphasizing the delicate balance between political pressures and the institution's mandate. By potentially remaining in his position, Powell not only reinforces his commitment to the Fed's independence but also sends a clear message to political figures attempting to undermine its credibility. This scenario could lead to a more fortified stance from the Fed against external pressures, ultimately benefiting economic stability.