Trump’s Challenge to Fed Independence Exposes Risks to America’s Economic Stability

The critical independence of the Federal Reserve—a cornerstone of our nation’s economic strength—is under direct assault. President Donald Trump has escalated his months-long criticism of Fed Chair Jerome Powell, now targeting an inflated $2.5 billion renovation project as justification for firing Powell. This move threatens to unravel decades of fiscal prudence that shield American families and markets from political interference. Why Does Fed Independence Matter So Deeply to Americans? The Federal Reserve controls interest rates that affect everything from mortgage costs to credit card rates, directly impacting hardworking American families striving for financial security. For generations, maintaining a politically independent...