#TrumpVsPowell
A White House source indicates Trump is considering ousting Federal Reserve Chair Jerome Powell, a move unprecedented in modern U.S. history. The ongoing conflict between Trump and Powell centers on the Fed’s independence. Trump, who appointed Powell, frequently criticized him for not slashing interest rates to spur economic and stock market growth, particularly before elections. Powell, prioritizing the Fed’s autonomy, insisted on data-driven decisions, resisting political pressure. This tension underscores fears of political interference in monetary policy, with Powell steadfastly defending the Fed’s focus on long-term economic stability.