#TrumpVsPowell

Tensions between former President Donald Trump and Federal Reserve Chair Jerome Powell have resurfaced as the 2024 U.S. election cycle intensifies. Trump has criticized Powell for keeping interest rates high, accusing him of stifling economic growth and hurting American consumers. Trump has hinted he may not reappoint Powell if he wins, citing a lack of loyalty and poor economic management. Powell, meanwhile, maintains the Fed’s independence and insists decisions are based on data, not politics. Markets are closely watching the feud, as a Trump victory could mean a shake-up at the Fed and a shift in monetary policy toward looser, more growth-driven strategies.