#TrumpVsPowell The ongoing feud between Donald Trump and Federal Reserve Chair Jerome Powell is heating up. Here are the key developments:

- *Tensions Over Interest Rates*: Trump wants the Fed to cut interest rates, citing global trends, while Powell maintains a cautious approach due to uncertainty around tariffs and inflation.

- *Tariffs and Inflation Concerns*: Powell warned that Trump's proposed tariffs could fuel inflation and stall economic growth, prompting Trump to accuse him of being "TOO LATE AND WRONG".

- *Potential Removal*: Trump claims he has the authority to remove Powell "real fast", but Powell maintains he cannot be legally removed before his term ends in May 2026 and has no intention of stepping down.

- *Supreme Court Case*: A pending Supreme Court case on presidential authority to fire federal board members may impact the situation, with Trump's team considering new legal interpretations.

- *Fed Independence*: The Federal Reserve Act protects the central bank's independence, limiting presidential authority to remove a Fed chair only for cause, meaning legal or ethical misconduct.

The conflict exposes growing friction between Trump's economic strategy and the Fed's independent authority over monetary policy, with potential implications for the economy. Some key players, including White House economic adviser Kevin Hassett, are weighing in on the situation, but the outcome remains uncertain ¹.

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