Fed chair on edge: Anna Paulina Luna claims Jerome Powell is going to be fired; White House to announce successor soon

Amidst Trump administration pressure and speculation, Congresswoman Luna claims Federal Reserve Chair Jerome Powell's dismissal is imminent. Treasury Secretary Bessent confirms the search for a replacement has begun, suggesting Powell should step down entirely after his term. However, JPMorgan Chase CEO Dimon stresses the importance of the Fed's independence, as the White House criticizes Powell's performance and renovation project.