#TrumpVsPowell

President Donald Trump has intensified attacks on Federal Reserve Chair Jerome Powell, demanding immediate interest rate cuts and calling him a "major loser" on Truth Social. Trump’s tariff policies, fueling inflation fears, clash with Powell’s cautious stance on rates, prioritizing Fed independence. Markets plummeted, with the S&P 500 down 2.4% on April 22, 2025, amid concerns over a potential Powell firing, which could destabilize the dollar and equities. Powell insists he cannot be legally removed before his term ends in May 2026, while Trump’s team studies options, risking a Supreme Court showdown.