Former Federal Reserve Chair Jerome Powell says the Fed would lose the credibility needed to support a strong and stable US economy if the president can dismiss central bank officials over disagreements. Powell makes the comments in the context of ongoing US political and legal disputes over the independence of the Federal Reserve. Multiple reports say his remarks come as the US Supreme Court considers the situation involving Federal Reserve Governor Lisa Cook, including whether the administration can remove her amid allegations related to mortgage fraud. The issue is tied to Donald Trump’s efforts to fire Cook, according to the accounts. Powell’s central point is that the Fed’s effectiveness depends on officials being insulated from direct political control, particularly when disagreements arise over monetary policy. The outlets describe Powell’s stance as a defense of the institutional structure that limits presidential influence over Fed personnel decisions. Overall, the reporting frames Powell’s warning as a concern about maintaining public and market trust in the Fed’s independence and decision-making.