#TrumpVsPowell Donald Trump and Jerome Powell have had a contentious relationship, marked by public clashes over monetary policy. As President, Trump frequently criticized Powell, whom he appointed as Federal Reserve Chair in 2018, for raising interest rates too quickly, arguing it hindered economic growth. Trump even suggested firing Powell, though legal experts questioned his authority to do so. Powell, an independent policymaker, maintained that the Fed’s decisions were data-driven, not political. Their feud highlighted tensions between the White House and the central bank, with Trump breaking norms by openly pressuring the Fed. After leaving office, Trump continued to blame Powell for economic challenges, signaling ongoing discord.
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