#特朗普施压鲍威尔 Trump Pressures Powell

1. Recently, Trump has fiercely criticized Federal Reserve Chairman Powell, accusing him of "playing politics" and wanting to fire him early, but lacking the power to do so. Powell's term lasts until May 2026, and a successor is typically determined in the second half of 2025. It is said that Trump wants to replace Powell with former Federal Reserve Governor Kevin Warsh, but Warsh has stated that Powell should complete his term. Powell firmly said "NO" when asked if he would resign if Trump asked him to and also mentioned the risks of a tariff war damaging the economy and inflation. Their mutual disdain has become extremely evident.

2. It is indeed noticeable that Powell is clearly more aligned with the Democratic Party, using the guise of independence, and has not shown a favorable attitude towards Trump. Before Biden's campaign, the Federal Reserve cut interest rates twice to support the economy.