CoinWorld News, Jeffrey Sonnenfeld, founder of the Yale University Chief Executive Officer Leadership Research Institute, pointed out that privately, American corporate CEOs are "very shocked" by the government's attacks on the Federal Reserve. Sonnenfeld and his colleagues found that among the 200 CEOs they surveyed, 71% believed that the Trump administration eroded the independence of the Federal Reserve, and 80% said that Trump's pressure on Powell to cut interest rates was not for the best interests of the United States. And these events occurred even before they learned about the Department of Justice's investigation into Powell.