Fed Chair Powell calls out Trump on his witch hunt, part of ongoing threats against Bank

Federal Reserve Chair Jerome Powell has called out threats from the DOJ, warning these moves could undermine the Fed's independence. In an unprecedented statement, he confirmed criminal charges are being considered against him related to his Senate testimony about the Fed’s renovation project. Powell views this as political pressure exerted due to the Fed's decisions on interest rates that do not align with presidential preferences. The growing tensions between the Fed and the executive branch could impact market perceptions, especially concerning the Fed’s ability to operate independently in a critical policy cycle. Powell's tenure lasts until mid-2026, making the current issues significant for the market's assessment of the Fed's leadership and credibility.