Republican senator backs move to block Trump's Fed nominees as chairman faces criminal probe
NegativeWorld Affairs

- Two Republican senators have announced their opposition to the confirmation of any new nominees to the US Federal Reserve following a criminal probe into current Chairman Jerome Powell by the Justice Department. This development comes amid President Trump's criticism of the Fed for its interest rate policies, which he believes do not align with his economic agenda.
- The senators' stance reflects a significant political maneuver that could hinder the Federal Reserve's ability to operate independently, particularly in light of ongoing investigations that may affect Powell's position.
- This situation underscores a broader tension between the Trump administration and the Federal Reserve, raising concerns about the central bank's independence and its role in managing the economy amidst political pressures and potential leadership changes.
— via World Pulse Now AI Editorial System






