this post was submitted on 12 Jan 2026
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I would say yes, even without considering how he has handled Trump. He's had to deal with the pandemic, in addition to pressure from the current markets, and then there's Trump. DOGE cleared out so many government agencies, has them working with skeleton crews which means there's less data for the fed to base their decisions on. Trump himself has been applying constant aggressive pressure even before this investigation.
And yeah, that's really what it comes down to. Regardless of how you feel about Powell the federal reserve needs to be independent. The economy is fucked even harder than it is now the moment Trump takes control of it. Inflation will go out of control, savings will go up in smoke near instantly.