#TrumpVsPowell President Donald Trump and Federal Reserve Chair Jerome Powell are clashing over monetary policy, with Trump pushing for lower interest rates to boost the economy while Powell resists, citing risks of inflation from Trump’s tariffs. Behind the scenes, Trump’s team, including economic adviser Kevin Hassett, is exploring legal options to remove Powell, though advisers like Treasury Secretary Scott Bessent warn this could destabilize markets. Powell insists he cannot be fired and plans to serve until May 2026. The feud, escalating with Trump’s public attacks, risks undermining the Fed’s independence, potentially causing market volatility and economic uncertainty.[](https://www.cnbc.com/2025/04/04/trump-tariffs-jerome-powell.html)[](https://www.moneycontrol.com/world/trump-vs-powell-us-administration-studying-options-to-fire-fed-chair-powell-10-key-developments-amid-ongoing-conflict-article-12998542.html)[](https://www.politico.com/news/2025/04/17/trump-powell-fired-fed-00295552)
