#TrumpVsPowell : A Big Fight Over Interest Rates

Former President Donald Trump is not happy with Jerome Powell, the head of the U.S. Federal Reserve.

Trump thinks Powell is not doing a good job because he hasn’t lowered interest rates fast enough. Trump says this is slowing down the U.S. economy, especially when other countries are cutting rates.

There are reports that Trump might try to remove Powell if he becomes president again. But removing the Fed Chair is not easy—there has to be a good legal reason. Powell says he won’t quit and believes the Fed should stay independent.

This fight could affect the markets and how future Fed leaders are treated.