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News in English (USA) / 17.07.2025 / 17:00

Senator Warren and GOP Senators Stand Firm on Fed Chair Powell Amidst Trump Criticism

Senator Elizabeth Warren, a longtime critic of the Federal Reserve, has publicly defended Fed Chair Jerome Powell against potential firing by President Trump, warning that such a move could lead to a market crash and undermine U.S. economic credibility. Several Republican senators have echoed her concerns, cautioning Trump against taking drastic actions that could send shockwaves through the economy. Despite calls from some GOP members, including Senator Roger Marshall, for Powell to resign, a faction within the party is pushing back against the notion, emphasizing the importance of stability in the financial system. This internal division showcases the high stakes involved in the ongoing debate over the leadership of the Federal Reserve.
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