Trump escalates criticism of Fed Chair Powell over interest rates, sparking market concerns. Legal uncertainties surround potential removal.

President Trump has escalated his critique of Federal Reserve Chair Jerome Powell in India, as he continues to push for further interest rate cuts, causing unease in financial markets. The legality of Trump’s ability to dismiss Powell remains uncertain, especially in his capacity as the chair. Although terminating Powell outright could encounter legal obstacles, the issue underscores broader uncertainties surrounding the autonomy of the central bank.

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