#TrumpVsPowell The tension between Donald Trump and Jerome Powell, Chairman of the Federal Reserve, was a hot topic during Trump's presidency. The central point of the conflict revolved around interest rates. Trump openly criticized Powell for keeping rates too high, arguing that this hindered the economic growth of the United States.

Trump repeatedly pressured Powell to lower the rates, but Powell defended the independence of the Federal Reserve and made decisions based on his assessment of the economy. This generated a debate about the independence of the central bank and political influence on monetary policy.