#TrumpVsPowell Interest Rates Dispute: Trump repeatedly criticized Powell for keeping interest rates "too high," arguing it was hurting the U.S. economy and stock market.
Pressure on the Fed: Trump broke from tradition by publicly pressuring the Fed to cut rates and stimulate economic growth—something that compromised the Fed’s image of independence.
Fed’s Independence: Powell maintained that the Fed's decisions are based on data, not political pressure, striving to uphold its credibility and long-term economic stability.
Dollar Strength: Trump wanted a weaker dollar to boost exports, but the Fed's policies often led to a stronger dollar, frustrating Trump.