The Federal Reserve has been under pressure from President Donald Trump for years to lower interest rates. The weight of POTUS’s ire has fallen squarely on the shoulders of Fed Chair Jerome Powell, who was ironically appointed by Trump during his first term. A prolonged macroeconomic climate dominated by stubborn inflation, trade uncertainty, and geopolitical risk has drastically slowed rate cut expectations. Although Powell is expected to last until his term ends on May 15, 2026, many worry that the Fed’s credibility crisis — driven by political influence over what’s meant to be an apolitical institution — could ... (full story)