Central Bank Independence
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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.
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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.