Odaily Planet Daily News According to the Financial Times, John Kennedy, a Republican senator from Louisiana and a member of the Senate Banking Committee, slammed US President Trump's attack on Federal Reserve Chairman Powell on Sunday, saying that no president has the power to fire the Fed chairman. Kennedy said on NBC, "I don't think the president, any president, has the power to remove the Fed chairman. I think the Fed should be independent." Trump said earlier that he believed he had the power to fire Powell. He told reporters in the Oval Office last Thursday: "If I want him to step down, he will step down soon, believe me." Kennedy defended the Fed's focus on controlling inflation on Sunday, saying: "My experience with Powell tells me that he will do what he thinks is right. He will not go down in history for allowing inflation to be as crazy as a hare in March. He will take the actions he thinks must be taken." (Jin Shi)