#TrumpVsPowell The clash between US President Donald Trump and Federal Reserve Chair Jerome Powell centers on Trump's criticism of Powell's monetary policy decisions, particularly regarding interest rates. Here's what's happening:

- *Trump's Criticism*: Trump has called for Powell's "termination" and labeled him "too late and wrong" due to disagreements over interest rate policies. Trump wants immediate rate cuts, while Powell has warned that Trump's trade measures could harm the US economy by fueling inflation and slowing growth.

- *Powell's Term*: Powell's term as Fed Chair expires in May 2026, which would give Trump a chance to appoint a new Fed chief if re-elected. However, Trump cannot fire Powell without valid cause, such as misconduct or neglect of duty, due to laws protecting the Fed's independence.

- *Fed's Independence*: The Federal Reserve System is designed to be independent, preventing politicians from manipulating interest rates for political gain. This independence has led to tensions between the White House and the Fed, with Trump challenging the Fed's autonomy.

- *Historical Context*: This isn't the first time a President and Fed Chair have clashed. During Richard Nixon's tenure, Arthur Burns resisted Nixon's pressure to lower interest rates, and Nixon couldn't fire him due to lack of legal grounds.

*Key Points about the Fed Chair Appointment Process:*

- *Appointment*: The Fed Chair is appointed by the US President and confirmed by the Senate.

- *Term*: The Chair serves a four-year term, which can be renewed.

- *Removal*: The President can remove a Fed Chair only for valid cause, not for policy disagreements.