Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.

With his attacks on Federal Reserve Chair Jerome Powell and plans to fire him, US President Donald Trump has rattled investors and undermined the independence of the US central bank. This could severe economic consequences nationally and globally.

President Donald Trump is not a supporter of Federal Reserve Chairman Jerome Powell, and his administration is applying pressure on the central bank.

Financial advisors like Rockie Ziegler believe that removing Fed Chair Jerome Powell would be a dangerous move, as it could undermine confidence in the economy and create long-term instability.

The head of Germany's Bundesbank on Thursday warned against interfering with the independence of central banks, following U.S. President Donald Trump's attacks on Federal Reserve Chair Jerome Powell.

“It’s by now widely agreed, almost all over the world: If you leave monetary policy in political hands, you’ll get too much inflation,” Alan Blinder, a professor of economics at Princeton University and former vice chairman of the Federal Reserve, told ABC News.

The president keeps threatening to fire Jerome Powell. There are reasons beyond market reaction why he might regret following through.

Whether Federal Reserve Chair Jerome Powell is fired next week, forced to resign in six months or allowed to muddle through to the end of his term next May, the supposedly sacrosanct notion of Fed independence has already been shattered.

JPMorgan Chase CEO Jamie Dimon went to bat Tuesday for the Federal Reserve and its chair, Jerome Powell, as the White House pondered ousting him over disagreements about the path of short-term

Former Federal Reserve Governor Kevin Warsh, who could replace current chair Jerome Powell, believes the Federal Reserve has mishandled interest rates and faces a credibility deficit due to changing policy goalposts.