#TrumpVsPowell
In 2025, tensions between former U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell resurfaced, raising concerns about the independence of the central bank and its impact on financial markets.
Trump is currently considering the possibility of firing Powell before the end of his term in May 2026, accusing him of political bias for refusing to lower interest rates, and claims he has the legal authority to dismiss him. In contrast, Powell insists that the law does not permit the president to dismiss the Federal Reserve Chairman, and he intends to complete his term.
This conflict reflects the tension between the executive branch and the central bank, as Trump seeks to implement economic policies that include tax cuts and imposing tariffs, which could lead to rising inflation. On his part, Powell insists that the central bank must remain independent to make decisions in the best interest of the U.S. economy as a whole.
Analysts warn that any political interference in the central bank's policies could destabilize financial markets and increase economic volatility. As this conflict continues, attention remains focused on its potential impact on the U.S. and global economies.
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