The independence of the Fed is designed to prevent the president from messing with monetary policy for the sake of votes.
But now, Trump's team is clearly playing a game of testing the limits of the system. Although it is legally difficult to remove Powell, they are relying on media pressure, constructing a public opinion battle, and hyping up the so-called corruption of the renovation case to undermine his authority.
While saying "I will not fire him," at the same time leaking that "the letter has been drafted," this is a typical case of strategic ambiguity combined with public pressure.
Very
But now, Trump's team is clearly playing a game of testing the limits of the system. Although it is legally difficult to remove Powell, they are relying on media pressure, constructing a public opinion battle, and hyping up the so-called corruption of the renovation case to undermine his authority.
While saying "I will not fire him," at the same time leaking that "the letter has been drafted," this is a typical case of strategic ambiguity combined with public pressure.
Very
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