#TrumpVsPowell The Fight of the Moment.
Donald Trump and Jerome Powell, the head of the Federal Reserve, are in a tug-of-war that has everyone on edge. Trump, true to his style, is pushing for Powell to lower interest rates now, saying that inflation is under control and that the guy "is late and wrong". He even released on Truth Social that Powell's "termination" "cannot come fast enough".
Powell, for his part, is not backing down: he says that Trump's massive rates could trigger inflation and slow the economy, complicating the Fed's job. On top of that, there's a case in the Supreme Court that could make it easier to oust Powell, so things are heating up. The markets are trembling, and Trump seems to hesitate a bit for fear of a financial crash.
Pure economic drama...