Unscheduled remarks by Fed Chair Jerome Powell signal abnormal stress, raising concerns for global markets and policymakers alike
Powell’s reference to possible criminal charges highlights growing pressure on the Fed for setting rates independent of political preferences
President Trump’s repeated criticism of the Fed and attempts to influence its leadership threaten the central bank’s independence
With Powell’s term ending in May, signals suggest future leadership may be more aligned with presidential priorities
The dollar’s dominance rests on trust in US institutions. A weakened Fed risks global financial volatility
Any erosion of Fed credibility could destabilise global markets, complicating India’s external financial management