Trump vs. Powell: Power Moves & Policy Drama
When it comes to political drama, the showdown between Donald Trump and Fed Chair Jerome Powell is straight out of a high-stakes TV series.
Back in his presidency, Trump wasn’t shy about going after Powell — mostly for not slashing interest rates fast enough to juice up the economy. At one point, Trump even floated the idea of firing him (which, yeah, would’ve been wild and totally unprecedented).
Meanwhile, Powell kept it chill. He stuck to the data, kept politics out of it, and did his best to protect the Fed’s independence. Think calm, collected central banker versus headline-grabbing, pressure-cranking president.
Now, with Trump eyeing a 2024 comeback, the question’s back on the table: If he wins, will he try to push Powell out and bend the Fed to fit his agenda? Stay tuned — this power struggle’s far from over.