The Fed's independence is under the microscope again as Trump pushes for lower rates to juice the economy. But with mixed signals—solid growth now, but potential trade wars ahead—Powell's cautious approach might be the safer play. This tug-of-war between politics and economics could shape how the Fed operates in an increasingly partisan climate.

Thomas Hoenig, former president of the Federal Reserve Bank of Kansas City, joins Meet the Press NOW to discuss Fed Chair Jerome Powell’s decision to keep interest rates steady against President Trump’s wishes. NBC News’ Garrett Haake and CNBC’s Steve Liesman report on how the Trump administration is celebrating a positive GDP report as the president’s tariff deadline approaches.

Former Kansas City Fed chief Thomas Hoenig backed Fed Chair Jerome Powell's call to hold interest rates steady, despite pressure from President Trump. Meanwhile, the Trump administration is cheering a strong GDP report—just as a key tariff deadline looms.

Powell on ‘solid ground’ by not raising interest rates, says fmr. Kansas City Fed chief

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