#特朗普施压鲍威尔 Trump pressures Federal Reserve Chairman Powell, which is essentially a typical manifestation of political interference in the independence of central banks. This kind of pressure usually stems from short-term political interests, such as stimulating the economy through interest rate cuts before an election to enhance achievements, but it may undermine the long-term stability of monetary policy. Historical experience shows that political interference can easily lead to uncontrolled inflation or asset bubbles (such as the stagflation after Nixon pressured Burns in the 1970s). If Powell compromises, it will damage the credibility of the Federal Reserve; if he resists, he may face possible retaliation from Trump (such as not being reappointed after his term ends in 2025). Maintaining the independence of central banks is a core principle of modern economic governance, and both parties need to be vigilant against "short-sighted politics" harming the macroeconomy.