# Fed Independence

Powell’s Parting Defiance: A Besieged Fed Chair Battles Inflation and Political Intrigue

Federal Reserve Chair Jerome Powell signaled a 'wait and see' approach to energy-driven inflation while defending the central bank's independence amid a deepening legal and political conflict with the Trump administration. As his term nears its end, Powell’s refusal to yield to political pressure and his warnings on long-term systemic risks set a complex stage for his successor.