At the heart of American politics, the relationship between former President Donald Trump and Federal Reserve Chairman Jerome Powell remains an example of the conflict between political interests and the requirements of economic stability.
Trump wanted to lower interest rates to stimulate the economy and increase his popularity ahead of the elections, while Powell insisted on the independence of the central bank and making decisions based on economic data rather than political agendas.
So, was Trump right when he pressured Powell? Or was the independence of the Federal Reserve a strong shield against political manipulation?
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