Recently, the debate has escalated between former U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell, in what has become known as #TrumpVsPowell. This conflict is not new; it began during Trump's presidency, where he repeatedly accused Powell of slowing economic growth by inappropriately raising interest rates. Trump believes that Powell's monetary policy was a reason for diminishing his chances of reelection in 2020, while Powell responds that his decisions are based on economic indicators and not political ones.

The controversy has intensified recently with the upcoming elections, amid fears that Trump may return and push for Powell's dismissal or limit the independence of the central bank. This clash represents a broader struggle between politics and economics, raising questions about the future of monetary policy should Trump return to power.