Trump vs. Powell: Renewed Tensions Over Fed Leadership
As of April 19, 2025, President Donald Trump has intensified his longstanding feud with Federal Reserve Chair Jerome Powell. Trump has publicly criticized Powell for not lowering interest rates and has suggested that Powell's "termination cannot come fast enough" . This marks a resurgence of tensions between the executive branch and the independent central bank. Trump's dissatisfaction stems from the Fed's cautious approach to rate cuts, which he believes hampers economic growth. While legal experts maintain that the Fed's independence is protected by law, the president's comments have raised concerns about potential political interference in monetary policy . The situation underscores the delicate balance between governmental oversight and central bank autonomy.