Story perspectives
Sen. Kennedy Urges Trump to Keep Fed Chair Powell
7/18/2025
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Story summary
- Sen. John Kennedy (R-LA) cautions President Trump against dismissing Federal Reserve Chairman Jerome Powell, fearing market instability.
- During a meeting on a cryptocurrency bill, Trump voiced his discontent with Powell.
- While many lawmakers favored Powell's removal, the White House subsequently minimized the suggestion.
- Kennedy stressed the importance of an independent central bank for maintaining economic stability.
