Trump’s Pursuit to Oust Powell Exposes Dangerous Political Interference in Fed Independence

In a stark display of Washington's escalating politicization, President Donald Trump has seized upon a $2.5 billion Federal Reserve building renovation as grounds to oust Chair Jerome Powell. This move is less about fiscal responsibility and more about undermining the Fed's independence—a cornerstone of America’s economic strength and global financial leadership. Is This Renovation Controversy a Pretext for Political Control? The Federal Reserve’s autonomy, designed to shield monetary policy from day-to-day politics, faces its greatest threat yet. Powell’s cautious stance on interest rates—aimed at protecting Americans from runaway inflation caused by tariffs and reckless spending—has been met with relentless pressure...