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On GPS: Donald Trump takes on the Fed | CNN Politics

In a recent interview on CNN's "Fareed Zakaria GPS," Federal Reserve Chairman Jerome Powell discussed the potential economic implications of former President Donald Trump's policies if he were to be re-elected. Powell emphasized the importance of maintaining the Fed's independence from political influence, expressing concerns about Trump's past criticisms of the central bank and his suggestions for manipulating interest rates for political gain. The Fed Chair highlighted the risks of such actions, including increased inflation and economic instability, and stressed the need for a stable and predictable monetary policy to foster long-term economic growth. Powell's comments come at a time when the Fed is navigating complex economic challenges, including managing inflation and interest rates amidst global uncertainties.

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[ https://www.cnn.com/2025/04/27/politics/video/gps0427-trump-and-fed-chair-jerome-powell ]