Bao Wei firmly wins the support of the US Congress, with many lawmakers wary of the president's excessive power.

date
09/05/2025
Under a barrage of attacks from Trump, Federal Reserve Chairman Powell needs to garner as much support as possible, and in Congress, he is not alone. Many lawmakers, including some Republicans, have expressed no intention of driving out the head of the central bank. Republican lawmakers have nearly supported all major economic policies proposed by Trump for his second term, although some have slight reservations about Powell's past performance. Despite including these critics, many lawmakers have a positive view of his overall performance and also support the principle of central bank independence.
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