#TrumpVsPowell Trump repeatedly pressured Powell to lower rates, but Powell defended the independence of the Federal Reserve and made decisions based on his assessment of the economy. This sparked a debate about the independence of the central bank and political influence on monetary policy. The tension between Donald Trump and Jerome Powell, chairman of the Federal Reserve, was a hot topic during Trump's presidency. The central point of the conflict revolved around interest rates. Trump openly criticized Powell for keeping rates too high, arguing that it stifled economic growth in the United States.

Trump repeatedly pressured Powell to lower rates, but Powell defended the independence of the Federal Reserve and made decisions based on his assessment of the economy. This sparked a debate about the independence of the central bank and political influence on monetary policy.