Central Bank Independence
Fed Pauses Rate Cuts Amid Political Pressure, Powell Defends Independence
The Federal Reserve held interest rates steady on January 28, 2026, for the first time since July, amidst a criminal probe targeting Chair Jerome Powell and ongoing political challenges to the central bank’s independence.
Trump’s Supreme Court Bid to Remove Fed Governor Lisa Cook Ignites Historic Power Struggle
President Trump’s emergency Supreme Court appeal to fire Federal Reserve Governor Lisa Cook sets a precedent-shattering confrontation over central bank independence, legal boundaries, and presidential authority.