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As Trump puts pressure, both parties intend to build a strong defense line for the Federal Reserve's independence

According to online reports, AXIOS said that Republican Frank Lucas of a congressional task force focusing on the Federal Reserve said that both parties intend to set up stronger safeguards for the Federal Reserve's independence. Lucas's comments came as Trump stepped up his attack on Federal Reserve Chairman Colin Powell, raising concerns that the White House could try to remove Powell from office. Lucas said the task force had discussed the importance of the Fed's independence and how to build "the protective barrier higher, stronger and stronger." Lucas said it would not be easy for Trump to fire the Federal Reserve chairman, and he also pointed out that Powell has publicly promised to complete his term, which ends next year. (Jin Shi)

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