🔥💬 #TrumpVsPowell – The Tension Builds
Donald Trump is turning up the heat on Fed Chair Jerome Powell once again. In a recent statement, Trump slammed Powell, saying his “termination cannot come fast enough.” Why? The Fed’s refusal to cut interest rates. 📉
Trump, who originally appointed Powell in 2017, has long criticized his monetary policy decisions — and now, with elections nearing, the feud is back in full swing. ⚔️
But here’s the catch: the President can’t legally remove the Fed Chair without cause. That’s the power of central bank independence – a core pillar of market trust. ⚖️
Markets are watching closely. A political clash like this could shake investor confidence and stir up volatility just as inflation and rate decisions remain center stage.
Will Powell stand firm? Or will pressure mount as November approaches?