#TrumpVsPowell Trump intensifies criticism of Powell, threatening the independence of the Federal Reserve

In a move that has raised concerns in economic circles, former President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, expressing his frustration with the central bank's interest rate policy. Trump's criticisms have raised doubts about the independence of the Federal Reserve, an institution that has traditionally operated free from political pressures.

The context

The Federal Reserve, under Powell's leadership, has been implementing a monetary tightening policy to combat persistent inflation. This has involved raising interest rates, a measure that, while aimed at cooling the economy and reducing inflation, can also hinder economic growth.

Trump, for his part, has expressed concern about the impact of high interest rates on the U.S. economy, arguing that they are stifling growth and harming businesses. He has repeatedly urged the Federal Reserve to lower interest rates, but Powell has resisted, emphasizing the need to prioritize the fight against inflation.