Kennedy Criticizes Trump’s Remarks on Fed Independence, Challenging Authority to Remove Powell

Senator John Kennedy has voiced his strong disapproval of President Trump’s assertions regarding the authority to remove Federal Reserve Chair Jerome Powell. Emphasizing the Fed’s autonomy and its vital role in controlling inflation, Kennedy defended Powell’s position and questioned the validity of Trump’s claims. While market reactions remain to be seen, this debate underscores a broader conflict over the independence of key agencies like the Fed amidst political tensions.