The confrontation returns anew! 🔥
In a scene that rekindles old tensions, the conflict between President Donald Trump and Jerome Powell, the Chairman of the Federal Reserve, is back in the spotlight with force. Trump, known for his frankness and public criticisms, has not hesitated once again to attack Powell's monetary policy 📢.
The reason? The repeated interest rate hikes, which Trump sees as harmful to the growth of the American economy and market confidence 📉.
In response, Powell argues that inflation still poses a real threat and requires decisive steps to maintain price stability ⚖️.
Trump believes that Powell's policies are choking the economy and weakening his chances of reelection in 2028, while Powell sees the Federal Reserve as not a political tool and should operate independently based on actual economic data 🧠.
The conflict between the two reflects a broader battle between politics and economics in America. Will Powell back down under Trump's pressure? Or will he continue on his path, maintaining the independence of the central bank? 🤔
