#TrumpVsPowell

The clash between former President Donald Trump and Federal Reserve Chair Jerome Powell centered on U.S. monetary policy. Trump, appointed Powell in 2018 but later criticized his reluctance to slash interest rates, seeking cheaper credit to fuel pre-election economic growth. Powell upheld the Fed’s independence, resisting political pressure despite Trump’s public rebukes and calls for negative rates. Their discord highlighted tensions between presidential agendas and central bank autonomy, especially during the 2020 election and COVID-19 crisis. While Trump prioritized short-term gains, Powell’s cautious, data-focused approach emphasized long-term stability, underscoring the challenge of balancing economic stewardship with political demands.