Trump vs. Fed Chair Powell

The White House is intensifying pressure on the central bank, with Trump once again challenging the Fed's independence during a period of economic uncertainty.

Senate Democrats have called for a delay in Warsh's confirmation hearing, citing an ongoing criminal investigation into Powell's past statements.

Treasury Secretary Scott Bessent has suggested that the Fed should stand pat on interest rates until more is known about the Iran war's impact on the U.S. economy.

The escalating tension has rattled markets and raised concerns about the future of American monetary policy.