Why is Federal Reserve Chairman Powell not afraid of President Trump?

In short: institutional design. The independence of the Federal Reserve Chairman is a deliberately preserved "anti-presidential mechanism" in the constitutional framework. The Federal Reserve is a central bank "independent of the White House":

(1) The chairman is nominated by the president, but the term is deliberately staggered with the president's term to avoid synchronization;

(2) Decisions are made collectively by the FOMC, further dispersing power;

(3) The budget does not rely on congressional appropriations, but is self-sufficient. $ETH $SOL #特朗普施压鲍威尔 #美股下挫 #币安HODLer空投HYPER