The term "#TrumpVsPowell" refers to the tension that arose between former U.S. President Donald Trump and Jerome Powell, the Chair of the U.S. Federal Reserve (the central bank), during Trump's presidency. The discussion can be summarized as follows:
* Trump's Policy:
* Trump consistently pressured Powell to lower interest rates to stimulate the U.S. economy.
* Trump believed that the high interest rates imposed by the Federal Reserve hindered economic growth and harmed financial markets.
* Trump publicly criticized Powell's decisions, which is unusual for a U.S. president.
* Powell's Policy:
* Powell defended the independence of the Federal Reserve in making monetary policy decisions.
* Powell focused on maintaining price stability and controlling inflation.