#TrumpVsPowell

President Donald Trump is at odds with Federal Reserve Chairman Jerome Powell, publicly expressing his frustration with Powell's monetary policy decisions. Here’s what’s happening ¹ ²:

- *Why Trump wants to fire Powell*: Trump’s main concern is that Powell has not lowered interest rates, which the President believes would help him more effectively face the ongoing trade war. Lower interest rates could also lead to lower mortgage rates and energy prices, potentially boosting the economy and benefiting Trump's core supporters.

- *Context of the trade war*: Trump’s trade war has escalated significantly, and time is running short before the midterm elections. The President believes that lower interest rates would help him better manage the situation, especially with the economy showing signs of slowing down.

- *Potential implications*: If Trump fires Powell, it would be a historic move, as no president has ever fired a Federal Reserve chairman. The White House is exploring this possibility, with national security possibly being cited as a reason.