$ETH Jerome Powell, Chair of the Federal Reserve, and Donald Trump have had a tense, headline-grabbing relationship. Trump, during his presidency, often criticized Powell for not cutting interest rates fast enough, blaming him for slowing economic growth. Powell, however, focused on the Fed’s independence and long-term stability over short-term political pressures. Their clash symbolized a broader battle between economic policy driven by data versus political strategy. As Trump eyes another run and Powell navigates inflation and recession fears, the tension could reignite, highlighting the ongoing debate: should the Fed yield to political influence, or hold its ground for economic balance?
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