Senator Criticizes Trump's Remarks on Federal Reserve Chair

According to Odaily, U.S. Senator John Kennedy from Louisiana, a Republican member of the Senate Banking Committee, criticized U.S. President Donald Trump for his comments about Federal Reserve Chair Jerome Powell. On Sunday, Kennedy stated on NBC that no president has the authority to dismiss the Federal Reserve Chair, emphasizing the importance of the Fed's independence. This comes after President Trump claimed he believed he had the power to remove Powell, telling reporters in the Oval Office last Thursday, "If I wanted him to go, he would go very quickly, believe me." Kennedy defended the Federal Reserve's focus on controlling inflation, expressing confidence in Powell's commitment to making the right decisions. He remarked, "My interactions with Powell have shown me that he will do what he believes is right. He will not go down in history for allowing inflation to spiral out of control like a March hare. He will take the actions he deems necessary."