Powell Vows To Stand Firm Following DOJ Subpoenas

Powell's resolve in the face of legal challenges underscores the independence of the Federal Reserve, a principle that is crucial for maintaining market confidence. However, the political pressure from the Trump administration could complicate the Fed's decision-making process, potentially leading to a more volatile economic environment. The interaction between fiscal authority and monetary policy is becoming increasingly contentious, raising questions about the future of central bank autonomy.