Powell says Fed credibility lost if president can fire officials

Powell says fed credibility lost if president can fire officials

Jerome Powell warned that if any administration can remove Fed officials over policy disagreements, all future ones will do the same, eroding the central bank's decades-built credibility. For tech and finance leaders, Fed independence is a key variable in rate-setting predictability — its politicization raises macro uncertainty that directly affects capex planning, debt costs, and M&A timing.