"Powell Confident in Fed's Independence Under Trump" Neywork vista Published: 12/04/2024 Federal Reserve Chair Jerome Powell has expressed confidence that the central bank will maintain its independence, even amid the possibility of a new administration under former President Donald Trump. Powell, in recent remarks, stated that he is "not concerned" about the Fed losing its autonomy if Trump were to return to the White House. He also emphasized that he is "confident" in his ability to foster a positive working relationship with Trump's pick for Treasury secretary, regardless of political differences. The central bank's independence has long been a foundational principle, with Fed leaders expected to make monetary policy decisions based on economic data rather than political influence. However, this principle has been challenged at times, especially during periods of heightened politi...