#TrumpVsPowell #TrumpVsPowell
Trump vs. Powell: The Battle for Influence over the American Economy
The confrontation between former U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell is renewing in a scene that seems likely to repeat itself if Trump returns to the White House. Trump has never hidden his fierce criticisms of Powell's monetary policies, particularly regarding interest rates, accusing him of slowing economic growth during his presidency.
On the other hand, Powell insists on the independence of the Fed, emphasizing that his decisions are based on scientific standards aimed at achieving financial stability and combating inflation, away from any political pressures. However, Trump, who sees interest rate cuts as the key to stimulating the economy and markets, believes that presidential intervention is necessary to steer monetary policy toward the interests of the people – as he sees it.
As the likelihood of Trump's candidacy in the upcoming elections increases, questions return: Will he oust Powell if he wins? Will monetary policy turn into a purely political tool? In this context, markets are caught between optimism for interest rate cuts and fears of undermining investor confidence in the independence of the Fed.
The battle between Trump and Powell is not just a personal dispute but a struggle over who holds the keys to the American economy and who will steer the course of the upcoming phase.
