Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands

Federal Reserve Chairman Jerome Powell walks outside of Jackson Lake Lodge during a break at the Jackson Hole Economic Policy Symposium in Moran, Wyo., on Friday, Aug. 22, 2025. (AP Photo/Amber Baesler)