Despite persistent criticism and pressure from President Trump, Federal Reserve Chair Jerome Powell maintained a data-driven and independent monetary policy stance, refusing to yield to calls for an immediate rate cut. This decision underscores the Fed's commitment to legal and institutional mandates aimed at ensuring economic stability.

Senator Elizabeth Warren warned that dismissing Fed Chair Jerome Powell could crash the markets, highlighting the importance of maintaining the Federal Reserve's independence from political interference. Powell's stance that he cannot be legally fired reinforces the institution's commitment to safeguard against authoritarian overreach.

On April 8, 2025, Federal Reserve Chair Jerome Powell warned that the proposed additional 50% tariff on Chinese imports could increase inflation. This public statement underscored concerns over aggressive, unilateral trade policies and their broader economic implications.

Contract cafeteria workers at the New York Federal Reserve voted to authorize a strike over stagnant wages amid rising inflation. The strike authorization, occurring at a key Fed facility, underscores persistent labor issues and inadequate worker protections, despite the Fed’s indirect involvement through its outsourced food service operations.

The Federal Reserve updated its internal code of conduct in late 2022 to explicitly restrict employees from engaging in political advocacy. This move, coming after several reserve banks faced scrutiny from Congress over perceived political activity, curtails the political engagement of its employees.

The OpenSecrets profile for the Federal Reserve outlines its lobbying activities, reflecting efforts to influence Congress and federal agencies. This documentation raises concerns over the concentration of political influence in a key financial institution, prompting scrutiny from accountability advocates.