Could Powell’s decision to stay worsen relations between the Fed and the White House?

powell's decision to stay as fed chair might deepen tensions with the white house, according to one analyst. "i think there's a point where standing up to trump moves into poking the bear with a sharp stick," they said. the comment comes as powell has repeatedly signaled independence from political pressure, a stance that has drawn criticism from the president. the relationship between the fed and the white house has been strained since trump publicly attacked powell's rate hikes in 2018. powell's current term runs through 2026, and he has given no indication he plans to step down early.