Trump Takes Aim at Powell Again—But What If Modi Wanted to Fire the RBI Governor?
US presidential candidate Donald Trump’s latest attack on Federal Reserve Chair Jerome Powell has reignited questions about central bank independence. But the drama in Washington also sparks a curious comparison: how easy would it be for India’s government to oust the RBI Governor? In a politically charged statement, Trump said Powell’s “termination cannot come fast enough,” citing dissatisfaction over the Fed’s refusal to cut interest rates. The remark spooked markets,…