Jerome Powell Stands Firm Against Trump's Attempts to Influence Fed

Federal Reserve Chair Jerome Powell asserts his independence amid President-elect Trump's renewed interest in influencing interest rate decisions.

Powell has made it clear that he will not resign if President-elect Trump asks him to, emphasizing the legal protection of his role.
Federal law only allows the removal of a Fed chair 'for cause,' a standard that is unlikely to be met by policy disagreements.
Trump has previously threatened Powell's position but now seems to be focusing on gaining influence over interest rate decisions.
Experts doubt Trump's ability to significantly influence Fed policy, as any attempt to remove Powell would likely become a lengthy legal battle.
The independence of the Federal Reserve is crucial for maintaining stable inflation and employment, which could be jeopardized by political interference.