Jerome Powell dismisses Trump’s criticism of ‘political’ Fed as ‘cheap shot’

The GuardianTuesday, September 23, 2025 at 6:32:30 PM
Jerome Powell dismisses Trump’s criticism of ‘political’ Fed as ‘cheap shot’
Jerome Powell, the chair of the Federal Reserve, has firmly rejected former President Trump's accusations that the central bank is influenced by political pressures. This response comes at a crucial time when the independence of the Fed is under scrutiny. Powell's stance is significant as it reinforces the importance of maintaining a non-political approach to monetary policy, which is vital for economic stability and public trust.
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