#TrumpVsPowell The relationship between the President of the United States, Donald Trump, and the President of the Federal Reserve, Jerome Powell, has become increasingly tense. Trump has openly criticized Powell for not lowering interest rates as he believes is necessary to boost the economy. He has even publicly stated that Powell's departure "cannot come soon enough," reflecting his desire to replace him. However, legally the president cannot remove the head of the Federal Reserve before their term ends, which in Powell's case extends until May 2026.$BTC

Powell, for his part, has stated that he will not resign if Trump asks him to and has firmly defended the independence of the Federal Reserve against political pressures. Although the personal relationship between the two is contentious, Powell has expressed his intention to maintain a proper institutional collaboration with the new administration. This situation reflects a constant tension between the White House and the Fed, where political and economic power clash over the control of the country's monetary policy.