A recent letter from the White House is raising eyebrows in Washington — with some analysts speculating it may be part of a broader push to remove Federal Reserve Chair Jerome Powell. The letter, issued by the White House Office of Management and Budget (OMB),

The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board — something he could technically do until his tenure

After the widespread uncertainty caused by the tariff policy, Powell said the Fed decided the "prudent thing to do is to wait."