Federal Reserve Chair Powell Faces Test of Independence Amid Pressure for Rate Cuts

In the relentless tug-of-war between political demands and sound monetary policy, Federal Reserve Chair Jerome Powell stands at a critical crossroads. His recent signal that the Fed may soon cut interest rates places him squarely in the spotlight—a test not just of economic judgment, but of the institutional independence that protects American prosperity.Why Does Fed Independence Matter More Than Ever?President Trump’s overt pressure to slash borrowing costs to levels no economist supports threatens to undermine decades of prudent stewardship designed to keep inflation in check. Though Trump insists "there is no inflation" and argues a rate cut would ease the...