#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 if Trump returns to the White House. Trump has never hidden his fierce criticisms of Powell's monetary policies, particularly 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 fighting inflation, away from any political pressures. However, Trump, who views interest rate cuts as the 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.

With the likelihood of Trump running in the upcoming elections increasing, questions arise: Will he oust Powell if he wins? Will monetary policy become a purely political tool? In this context, markets are caught between optimism for interest rate cuts and fears of undermining investor confidence in the independence of the Federal Reserve.

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

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