#TrumpVsPowell
Trump vs. Powell is heating up again. Trump has criticized Jerome Powell for his handling of interest rates, claiming the Fed is keeping rates high to hurt his chances in the 2024 election. Powell, on the other hand, insists the Fed is independent and focused solely on fighting inflation and stabilizing the economy. The clash highlights ongoing tension between political influence and central bank autonomy, especially as the election draws closer. This isn’t the first time Trump has gone after Powell—during his presidency, he frequently pressured the Fed to cut rates. The drama continues.