The confrontation revolves around Jerome Powell, the Chair of the U.S. Federal Reserve, and former President Donald Trump regarding economic and monetary policies. Powell, who was appointed by Trump in 2018, faced sharp criticism from Trump later for raising interest rates, as Trump believed these increases hinder economic growth and negatively impact the markets. In contrast, Powell defended the independence of the central bank and emphasized that interest rate decisions aim to control inflation and stabilize the economy. This dispute reflects the traditional tension between presidents and independent monetary policies, especially during election times or economic slowdowns, making the relationship between politics and economics a subject of ongoing debate in the United States.