April 21, 2025 - 09:12
Senator John Kennedy of Louisiana expressed his belief that former President Donald Trump lacks the ability to remove Jerome Powell from his position as chair of the Federal Reserve. During an appearance on NBC's "Meet the Press," Kennedy praised Powell, suggesting that he possesses "tiger blood" and is committed to making decisions that he believes are in the best interest of the economy.
Kennedy's comments come in light of ongoing tensions between Trump and Powell, as the former president has been openly critical of the Fed's monetary policies. Despite these tensions, Kennedy emphasized the independence of the Federal Reserve and the importance of its leadership in navigating economic challenges.
The senator's remarks highlight a divide within the Republican Party regarding the Fed's direction and its role in managing inflation and interest rates. As the economy continues to face uncertainty, the stability of the Federal Reserve and its chair remains a topic of significant discussion among lawmakers and economists alike.
