Can anyone threaten the Federal Reserve? Powell: No, people can say whatever they want
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Overnight, Powell emphasized during his speech at the Chicago Economic Club that the law guarantees the independence of the Federal Reserve, and there is no need to worry about political threats. Although Congress has the authority to change the law, there is bipartisan support for the independence of the Federal Reserve, so the risk of legal changes is low. Powell's term will end in May 2026. This week, U.S. Treasury Secretary Yellen stated that he and the President have "been considering" candidates for the next Federal Reserve Chair, and the market is closely watching the Supreme Court's ruling in May
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