#TrumpVsPowell
Trump vs. Powell: A Historic Showdown Over the Fed’s Future
Trump is reportedly considering firing Jerome Powell as Federal Reserve Chair—something no U.S. president has done in modern history. The clash between the two dates back to Trump’s presidency, when he frequently criticized Powell, his own appointee, for refusing to aggressively cut interest rates. Trump wanted lower rates to fuel economic growth and boost markets ahead of elections, but Powell stood firm, defending the Fed’s independence and prioritizing data-driven decisions over political demands.
Now, with Trump eyeing a return to power, the battle over control of the Fed could reignite—setting the stage for a dramatic confrontation that could shake the foundation of U.S. monetary policy.