Donald Trump and Jerome Powell, Chairman of the Federal Reserve, are back in the spotlight. Trump, known for his bluntness and public criticisms, has not hesitated once again to attack Powell's monetary policy 📢.
The reason? Frequent interest rate hikes, which Trump sees as harmful to the growth of the U.S. economy and market confidence 📉. In response, Powell argues that inflation still poses a real threat and requires decisive steps to maintain price stability ⚖️.
Trump believes that Powell's policies stifle the economy and weaken his chances of re-election in 2028, while Powell sees the Federal Reserve as not a political tool, and it should operate independently based on actual economic data 🧠.
The conflict between the two reflects a broader battle between politics and economics in America. Will Powell back down under Trump's pressure? Or will he continue on his path, maintaining the independence of the central bank?