𩸠Donald Trump vs. Jerome Powell: The Showdown Over the Fed! š©ø
š„ Throughout his campaign, Donald Trump repeatedly vowed to fire Federal Reserve Chair Jerome Powell if re-elected. But Powell stood firm:
š¬ "I will serve my full term!"
He made it clear that Trump does not have the power to remove him unilaterally. šŖ
š¢ Trumpās Push for Lower Interest Rates
Trump has long advocated for interest rate cuts š to spur economic growth. However, Powell remained steadfast:
š āMonetary policy is the Fedās exclusive domain, driven by economic dataānot political pressure.ā
š”ļø The Fedās Independence at Stake
The Federal Reserve's autonomy is critical for economic stability. Powell has warned:
ā Political interference could lead to economic instability or even collapse.
⨠Whatās Next?
The big question:
š Will the Federal Reserve withstand Trumpās pressure?
š„ Or will political influence start shaping economic decisions?
š® The battle between economics and politics is heating upāstay tuned!
šµ Markets are watching closely! šµ