#TrumpVsPowell

Trump vs. Powell: The Battle for Influence over the American Economy

The confrontation between former U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell is renewed in a scene that seems likely to repeat itself if Trump returns to the White House. Trump has never hidden his fierce criticisms of Powell's monetary policies, especially regarding interest rates, accusing him of slowing economic growth during his presidency.

In contrast, Powell insists on the independence of the Federal Reserve, emphasizing that his decisions are based on scientific criteria aimed at achieving financial stability and combating inflation, away from any political pressures. However, Trump, who sees interest rate cuts as key to stimulating the economy and markets, believes presidential intervention is necessary to steer monetary policy in the interest of the people – as he sees it.

As the chances of Trump running for the upcoming elections increase, questions arise: Will he oust Powell if he wins? Will monetary policy turn into a purely political tool? In this context, markets stand between optimism over interest rate cuts and fears of undermining investor confidence in the Fed's independence.

The battle between Trump and Powell is not just a personal dispute but a struggle over who holds the keys to the American economy and who will steer the course of the next phase.

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