Top Lawmaker: Monetary Policy Must Stay Above Legal Threats
The Chair of the House Financial Services Committee has cautioned against any moves to criminally target Federal Reserve Chair Jerome Powell, calling such actions a dangerous overreach that could destabilize financial markets and erode institutional trust.
Protecting the Fed's Independent Role
The Federal Reserve’s autonomy has long been a pillar of U.S. economic credibility. The chair stressed that subjecting its leaders to criminal allegations risks turning monetary policy into a political battleground, undermining its effectiveness.
- Legal threats may compromise impartial decision-making
- Markets could interpret rate moves as coerced, not data-driven
- Global confidence in U.S. institutions may weaken
With economic conditions still evolving, maintaining a clear separation between law enforcement and central banking is seen as vital. Officials urge dialogue and oversight through proper channels, not judicial escalation.