The Federal Reserve decided in a closed-door meeting to partially compromise with Trump in order to maintain the independence of key decisions.

BlockBeats News, December 23, The Washington Post published an article titled "The Fed's Strategy for Maintaining Independence Under Trump," which pointed out that in the spring of 2025, the 12 regional reserve bank presidents of the Federal Reserve held a closed-door meeting in Philadelphia. The focus was to discuss a highly sensitive topic: whether to cut about 10% of the Fed's staff in response to the Trump administration's plan to reduce the size of the federal government.

Some regional presidents opposed this, believing it could undermine the Fed's operational capacity. However, after overall discussion, the result was that the Fed's top management decided to partially comply with certain demands from the Trump administration to ease political pressure, thereby better protecting the central bank's independence in key decision-making and avoiding direct confrontation.

Subsequently, in May 2025, Federal Reserve Chairman Jerome Powell issued an internal memo to employees, announcing that over the next few years (including through the end of 2027), the total number of employees would be reduced by about 10% (from approximately 24,000 to about 22,000).