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$SOL
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+0.63%
92
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#TrumpVsPowell The relationship between former President and Jerome Powell, the Federal Reserve Chair, has been marked by public disagreements. The former President often voiced his dissatisfaction with the Fed's interest rate policies, particularly during his time in office. He frequently called for lower rates to stimulate economic growth. Powell, while acknowledging the President's views, consistently emphasized the Federal Reserve's independence and its commitment to its dual mandate of maximum employment and price stability. He maintained that the Fed's decisions were based on economic data and were not influenced by political pressure. This difference in opinion sometimes led to tension and public exchanges between the two. The former President occasionally suggested that Powell should be removed from his position, while Powell affirmed his intention to serve his full term, highlighting the legal protections afforded to the Fed Chair.
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