Fed That Fights Back Is a Threat to Trump’s Takeover Plan

Powell's assertive response signifies a potential turning point in the relationship between the Federal Reserve and the executive branch. By standing firm against political interference, Powell not only reinforces the independence of the Fed but also signals to the markets that the central bank will prioritize economic stability over political considerations. This dynamic could complicate Trump's plans for reshaping the Fed and may lead to increased volatility in financial markets as stakeholders react to the evolving power struggle.