#TrumpVsPowell **A clash between monetary policy and presidential pressures**

Tension between Donald Trump and Jerome Powell, chair of the Federal Reserve (Fed), has escalated in April 2025. Trump demands urgent interest rate cuts, accusing Powell of being "too slow and wrong," while the Fed maintains a cautious stance regarding the inflationary impact of the tariffs imposed by the government. Trump even threatened to dismiss Powell, claiming that "if I want him to go, I will do so quickly," despite the law protecting the independence of the position. Powell, appointed by Trump in 2018 and reconfirmed by Biden in 2022, defends data-driven decisions and warns that tariffs could raise inflation and unemployment, complicating monetary policy.

This confrontation reflects an institutional conflict: Trump seeks to align the Fed with his agenda, while Powell insists on preserving his autonomy to avoid economic crises. The threat of presidential intervention raises concerns about global financial stability.