#TrumpVsPowell The ongoing feud between US President Donald Trump and Federal Reserve Chair Jerome Powell centers around Trump's criticism of Powell's monetary policy decisions. Trump has publicly called for Powell's "termination" and demanded immediate rate cuts, citing concerns about the US economy.

*Key Points of Contention:*

- *Interest Rates*: Trump has repeatedly clashed with Powell over interest rate decisions, wanting lower rates to boost economic growth. Powell, however, has maintained that the Fed's decisions are guided by its dual mandate of maximum employment and price stability.

- *Trade Policies*: Trump's tariffs have rattled the global economy, and Powell has warned that these measures could fuel inflation and slow growth. Trump sees the Fed's actions as contradictory to his economic agenda.

- *Fed's Independence*: Trump has challenged the Fed's independence, arguing that the president should have a say in interest rate policies. However, US law protects the Fed's independence, preventing removal of its chair over policy disagreements.

*Can Trump Fire Powell?*

- *Appointment and Removal*: The Federal Reserve Chair is appointed by the President and confirmed by the Senate. However, removal requires valid cause, such as misconduct or neglect of duty, not just policy disagreements.

- *Term Expiration*: Powell's term expires in 2026, giving Trump a potential opportunity to appoint a new Fed chief if re-elected.

The tension between Trump and Powell highlights the complex relationship between the executive branch and the Federal Reserve, with implications for economic policy and governance ¹.