The possible return of Donald Trump to the presidency generates speculation about his relationship with the Federal Reserve and its current chairman, Jerome Powell. Historically, Trump has been critical of the Fed's policies, especially regarding interest rate hikes, arguing that they hinder economic growth. If he were to return to power, we could see renewed pressures on Powell (whose current term continues) or on the independence of the Fed in general. This dynamic introduces uncertainty in the markets, as monetary policy decisions could be influenced by short-term political considerations. Investors will be attentive to any statements indicating a change in the tense relationship observed during his previous term, evaluating the potential impact on inflation, the dollar, and the U.S. economy in general. The independence of the central bank is a fundamental pillar for long-term economic stability.
