#TrumpVsPowell

Trump vs. Powell: The Battle for Influence over the American Economy

The confrontation between former President Donald Trump and Federal Reserve Chairman Jerome Powell is renewed, in a scene that seems likely to repeat if Trump returns to the White House. Trump has never hidden his fierce criticisms of Powell's monetary policies, particularly regarding interest rates, accusing him of slowing down economic growth during his presidency.

In contrast, Powell insists on the independence of the Federal Reserve, emphasizing that his decisions are based on scientific standards aimed at achieving financial stability and combating inflation, free from any political pressures. However, Trump, who sees lowering interest rates as the key to stimulating the economy and markets, believes that presidential intervention is necessary to steer monetary policy toward the interests of the people – as he sees it.

As the likelihood of Trump running for the upcoming elections increases, questions return: Will he oust Powell if he wins? Will monetary policy turn into a purely political tool? In this context, markets stand between optimism for interest rate cuts and fears of undermining investor confidence in the independence of the Federal Reserve.

The battle between Trump and Powell is not just a personal dispute, but a struggle over who holds the keys to the American economy and who will steer the course of the next phase.

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