#TrumpVsPowell

Donald Trump and Federal Reserve Chair Jerome Powell have a history of public disagreements over monetary policy. Trump has repeatedly criticized Powell for not cutting interest rates aggressively enough, even suggesting negative rates during his first term. In recent months, Trump has expressed a desire to remove Powell, claiming the Fed's policies are politically motivated and detrimental to the economy. However, Powell maintains that the Federal Reserve operates independently and that the president lacks the legal authority to dismiss him before his term ends in 2026. ​USA TODAY+2Devdiscourse+2Business Insider+2Business Insider+4Business Insider+4Latest news & breaking headlines+4

Amid these tensions, Trump is reportedly considering former Federal Reserve governor Kevin Warsh as a potential replacement for Powell. Warsh, a former Morgan Stanley banker and economic advisor, has previously criticized excessive government spending and advocated for central bank digital currencies. Despite his proximity to Trump's circle, Warsh has not publicly confirmed his interest in the position. ​Business Insider

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