Ending Fed's independence would be a mistake, US Republican senator says
ReutersJul 16, 2025 4:53 PM
July 16 (Reuters) - U.S. Senator Thom Tillis of North Carolina said on Wednesday that firing the Federal Reserve Chair because "political people" don't agree with his economic decision-making would undermine U.S. credibility, adding that it would be a "huge mistake" to end the Fed's independence.
"You're going to see a pretty immediate response and we've got to avoid that," Tillis, a Republican member of the Senate banking committee, said on the floor of the U.S. Senate.
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