Carlie Natiello CDGl
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#TrumpVsPowell
The ongoing tension between president Donald Trump and federal reserve chair Jerome Powell has intensified recently, highlighting their longstanding disagreement over monetary policy and economic strategy .
#Current Dispute; Trumps Consideration to remove Powell
president Trump is reportedly exploring the possibility of dismissing Jerome Powell from his position as Federal reserve chair. This consideration stems from Trump's dissatisfaction with the Fed's reluctance to lower interest rate, which he believes hamper economic growth. Trump has accused the Fed of acting politically, suggesting that their policies favor Democratic by raising rates during his tenure and cutting them during President Biden's adminstration .
However Powell has asserted that the President doesn't have the legal authority to remove and expressed his intention to complete his term ,which ends in May 2026.
The ongoing tension between president Donald Trump and federal reserve chair Jerome Powell has intensified recently, highlighting their longstanding disagreement over monetary policy and economic strategy .
#Current Dispute; Trumps Consideration to remove Powell
president Trump is reportedly exploring the possibility of dismissing Jerome Powell from his position as Federal reserve chair. This consideration stems from Trump's dissatisfaction with the Fed's reluctance to lower interest rate, which he believes hamper economic growth. Trump has accused the Fed of acting politically, suggesting that their policies favor Democratic by raising rates during his tenure and cutting them during President Biden's adminstration .
However Powell has asserted that the President doesn't have the legal authority to remove and expressed his intention to complete his term ,which ends in May 2026.
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