#news
Trump vs. Powell: Pressure on the Fed Intensifies
President Donald Trump has once again sharply criticized Fed Chairman Jerome Powell, stating that his "dismissal cannot happen quickly enough." According to Trump, Powell is "playing politics" and is intentionally delaying a cut in interest rates despite inflationary pressure exacerbated by the imposition of tariffs on Chinese goods.
Powell, who was appointed by Trump in 2017 and reapproved under Biden, refuses to resign. According to the law, the Fed Chairman enjoys a high degree of independence, and early dismissal is extremely difficult.
This conflict is causing concern in the markets. Increased pressure on the central bank ahead of key economic decisions may undermine confidence in the Fed's independence and exacerbate instability amid high inflation and new tariff policies.