In April 2025, tensions between President Donald Trump and Federal Reserve Chair Jerome Powell have escalated, highlighting a significant conflict over U.S. monetary policy.
President Trump criticized Powell, saying his dismissal should happen "as soon as possible," especially as the European Central Bank is cutting interest rates for the seventh time. Trump referred to Powell as "Too Late" and "Wrong" on Truth Social, indicating his frustration.
This is not the first time Trump has expressed dissatisfaction with Powell. Their dispute has been ongoing since 2017, when Trump appointed Powell but later disagreed with his policies.
Legal experts say that the president does not have a clear authority to remove the Federal Reserve Chair before the end of their term. Powell's current term lasts until May 2026, and he has stated that he will not resign under political pressure.
Key Points:
Trump's criticism: Accusation of delay in interest rate cuts.
History: Ongoing tension between the two since 2017.
Potential Impact: Questions about Fed's independence and market stability.
Your Opinion: Will this conflict affect your investment decisions? Share your thoughts below! 👇
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