Trump vs. Powell: The Clash Over Interest Rates Heats Up 🔥🇺🇸
Former U.S. President Donald Trump has reignited his long-standing feud with Federal Reserve Chair Jerome Powell, accusing him of being “too late” in cutting interest rates. With inflation cooling and other central banks like the European Central Bank making cuts, Trump believes Powell’s inaction is hurting the U.S. economy.
📉 Trump on Truth Social:
“Too Late Powell has failed to act appropriately… his termination cannot come fast enough!”
Senator Rick Scott echoed Trump’s view, saying it’s time for new leadership at the Fed.
But Powell isn’t budging. In a recent speech, he reminded everyone that the Fed’s independence is “a matter of law,” and signaled his intent to serve until his term ends in May 2026.
💥 Why it matters:
Trump’s criticism breaks a long-standing tradition of keeping politics out of Fed decisions.
Interest rate moves are crucial for markets, borrowing, and inflation control.
Powell’s resistance to pressure shows the Fed's focus on long-term economic stability—not political influence.
⚖️ The power struggle between politics and policy continues… who do you think is right?
#TrumpVsPowell #BinanceAlphaAlert #Musk
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