Trump vs Powell – A Clash of Power and Policy

The relationship between Donald Trump (former President of the United States) and Jerome Powell (Chairman of the Federal Reserve) has been tense and controversial. Trump appointed Powell as Fed Chair in 2018, but soon after, he began criticizing him—especially when Powell raised interest rates.

Trump wanted low interest rates to stimulate economic growth, particularly before the 2020 elections. However, Powell believed the Federal Reserve must remain independent and focus on controlling inflation and maintaining economic stability, not on political agendas.

This clash created uncertainty in the markets and sparked debates over political interference in monetary policy. It became a prime example of how central bank independence can be challenged when economic goals conflict with political ambitions. #TrumpVsPowell