#TrumpVsPowell The feud between Donald Trump and Federal Reserve Chair Jerome Powell is heating up. Trump has been vocal about his dissatisfaction with Powell, calling for his removal and criticizing the Fed's interest rate policies. Here's what's behind the tension ¹ ²:

- *Tariffs and Inflation*: Trump's proposed tariffs could fuel inflation and slow economic growth, which Powell has warned about. Trump, however, believes the Fed's cautious approach to interest rates is harming growth and job creation.

- *Fed Independence*: The Federal Reserve Act protects the central bank's independence, limiting presidential authority to remove a Fed chair only "for cause," such as legal or ethical misconduct. Trump claims he can remove Powell, but the law suggests otherwise.

- *Powell's Term*: Jerome Powell's term as Fed Chair runs through May 2026. If Trump is reelected, he could potentially appoint a new Fed chief when Powell's term expires.

*Key Exchanges:*