President says ‘it would be a complete mess’ if the supreme court rules against tariffs, with decision expected as soon as Wednesday
Powell has been unflinching in the face of Trump’s attacks
Surrounded by a group of staunch loyalists, Trump has met little resistance in enacting his economic policies – except when it came to interest rates.
“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,” the statement said.
“This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly,” their statement said.