As Trump exerts pressure, both parties intend to strengthen the Federal Reserve's independence

ChainCatcher news, according to Jinshi Data reports, AXIOS stated that Frank Lucas, a Republican from a special task force in the U.S. Congress focused on the Federal Reserve, indicated that both parties intend to set stronger safeguards for the independence of the Federal Reserve. Lucas made this statement as Trump intensified his criticism of Federal Reserve Chairman Powell, raising concerns that the White House might attempt to remove Powell. Lucas mentioned that the special task force has discussed the importance of the Federal Reserve's independence and how to "build the protective barriers higher, stronger, and more robust." Lucas stated that it is not easy for Trump to fire the Federal Reserve Chairman, and he also pointed out that Powell has publicly committed to completing his term, which ends next year.