Elizabeth Warren once called Fed Chair Powell corrupt, now she’s fighting for him. Why?

Senator Elizabeth Warren has pivoted from years of criticism toward Fed Chair Jerome Powell to defending him, asserting that Trump’s threats to dismiss Powell threaten market stability. She underscores the necessity of the Federal Reserve’s independence from political influence.

While disagreeing with Powell on various policies, Warren acknowledges his capability to separate politics from decision-making. She raises alarms about the potential chaos that Trump’s push to remove Powell could bring, stressing that such actions would harm financial stability.