Is Powell’s Fed head independence dead? It’s just one more diversionary Trump trick

Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice at the Yale School of Management and founder of the Yale Chief Executive Leadership Institute. A leadership and governance scholar, he created the world’s first school for incumbent CEOs and he has advised five U.S. presidents across political parties. His latest book, Trump’s Ten Commandments, will be published by Simon & Schuster in March 2026. <Stephen Henriques is a senior research fellow of the Yale Chief Executive Leadership Institute. He was a consultant at McKinsey & Company and a policy analyst for the governor of Connecticut.

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