#TrumpVsPowell

Senator Elizabeth Warren warned about the risks of a possible dismissal of Jerome Powell, president of the Federal Reserve, by former president Donald Trump. According to her, this could undermine investor confidence, destabilize markets, and compromise the independence of U.S. monetary policy. Warren stated that the president does not have the legal authority to remove Powell and that such an act would jeopardize the country’s financial infrastructure. Trump, a frequent critic of Powell for not lowering interest rates, reiterated his intention to fire him in a recent post. Other Trump allies, such as Senator Rick Scott, also advocate for changes in the Federal Reserve. The discussion about the independence of the central bank and interest rates remains a crucial point with global impact.