#TrumpVsPowell Since Trump announced his plan with high tariffs, the markets have not regained calm. Now, with the mere mention of wanting to oust the head of the Federal Reserve - which manages U.S. monetary policy - uncertainty has increased.

"If I ask him, he will leave." It seems like an innocent phrase, but it unleashed another tremor in the markets. Donald Trump said this regarding Jerome Powell, the head of the U.S. Federal Reserve. He is responsible for monetary policy in that country. He has the independence to act and was key in managing rates to lower inflation during Joe Biden's administration.

But Powell is against Trump's tariffs and threatens to raise rates to counteract the negative effects of that measure by the president. That's why the Republican wants to replace him. Trump appointed Powell during his first term, and he remained with Joe Biden. Now, the White House wants to oust him because he is a nuisance to the president.