The confrontation returns again! ๐ฅ
In a scene that revives old tensions, the conflict between President Donald Trump and Jerome Powell, the Chairman of the Federal Reserve, is back in the spotlight with full force. Trump, known for his frankness and public criticisms, did not hesitate once again to attack Powell's monetary policy ๐ข.
The reason? The repeated interest rate hikes, which Trump sees as detrimental to the growth of the American economy and market confidence ๐. In response, Powell argues that inflation still poses a real threat and requires decisive steps to maintain price stability โ๏ธ.
Trump believes that Powell's policies are choking the economy and weakening his chances for re-election in 2028, while Powell sees the Federal Reserve as not a political tool and that it should operate independently based on actual economic data ๐ง .
The conflict between the two reflects a broader battle between politics and economics in America. Will Powell back down under Trump's pressure? Or will he continue on his path maintaining the independence of the central bank? ๐ค
Followers are divided between Trump supporters who see him as the protector of the economy ๐ผ, and Powell supporters who trust in his professionalism and financial expertise ๐งพ.
