#TrumpBTCTreasury Summary of the Conflict Between Trump and Powell
The conflict between former U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell centers around monetary policy and tariffs. Trump is pushing for lower interest rates to stimulate economic growth, while Powell refuses, warning that tariffs imposed by Trump could lead to rising inflation and a slowing economy.
Key Issues in the Conflict:
Inflation vs. Growth: Trump believes that inflation is low and demands a rate cut. Powell, on the other hand, believes that tariffs could reignite inflation, as happened in 2022.
Independence of the Fed: Powell advocates for the independence of the Federal Reserve, while Trump claims he has the right to fire him, which has led to a legal dispute that could reach the Supreme Court.
Consequences:
Financial markets are concerned about the trade policy and the threat of Powell’s dismissal.
Contradiction in Public Statements: Trump's statements about the benefits