Summary of the ongoing conflict between Donald Trump and Federal Reserve Chairman Jerome Powell. Trump accuses Powell of weakening the economy through interest rate hike policies, considering them an obstacle to growth and job opportunities. Meanwhile, Powell insists that raising interest rates is necessary to curb inflation and protect price stability.
The conflict between the two men reflects the clash of visions between politics and economics, and it may reshape the financial discourse in the upcoming election campaigns, especially with markets anticipating the Federal Reserve's decisions