Fed Independence Is Coming Under Attack. What It Means for Markets.

Core Viewpoint - The investigation of Federal Reserve Chair Jerome Powell by the Justice Department, influenced by President Donald Trump's pressure campaign, is expected to result in higher inflation [2]. Group 1 - The Federal Reserve's independence is facing challenges due to political pressures, particularly from the Trump administration [2]. - The ongoing scrutiny of Jerome Powell may undermine the credibility of the Federal Reserve, potentially affecting market stability [2].