#TrumpVsPowell The conflict between Donald Trump and Jerome Powell centers on Trump's desire to lower interest rates, which Powell's Federal Reserve has some control over. Here are key points about their dynamic ¹:
- *Appointment*: Trump appointed Powell as Federal Reserve Chair in 2017, and Biden reappointed him.
- *Trump's Criticism*: Trump has repeatedly expressed frustration with Powell, criticizing the Fed's interest rate decisions and suggesting he'd like to see lower rates.
- *Powell's Independence*: The Federal Reserve is designed to be independent, and Powell has maintained his stance on interest rates despite Trump's criticism.
- *Potential for Removal*: While the President can remove a Fed Chair "for cause," it's unclear if