#TrumpVsPowell Trump vs Powell: The Clash
1. The Conflict
President Donald Trump has publicly criticized Federal Reserve Chair Jerome Powell.
He accuses Powell of “playing politics” for not cutting interest rates, which Trump claims would boost economic growth.
Trump even said, “Powell’s termination cannot come fast enough.”
2. Legal and Economic Impact
The law only allows a Fed Chair to be removed “for cause,” which typically means misconduct, not policy disagreement.
Powell has responded by saying the president doesn’t have the legal authority to fire him over policy differences.
Economists warn that any attempt to remove Powell could shake investor confidence and destabilize markets.