#TrumpVsPowell #FedIndependence

😱A White House official has revealed that Donald Trump is considering removing Jerome Powell as Chair of the Federal Reserve—an unprecedented move in modern U.S. history. The ongoing conflict between Trump and Powell has drawn significant attention to the issue of the Federal Reserve’s independence. Throughout his presidency, Trump repeatedly criticized Powell—his own appointee—for not slashing interest rates more aggressively to stimulate the economy. Trump believed that lower rates would boost economic growth and stock market performance, particularly in the lead-up to elections. Powell, however, insisted that the Fed must remain independent, making decisions based on economic data rather than political demands. This clash underscored growing concerns about political interference in monetary policy. Despite mounting pressure, Powell stood firm, prioritizing the Fed’s responsibility to ensure long-term economic stability.