Trump-Powell Feud: A Clash of Politics and Monetary Policy

WASHINGTON, D.C. - The ongoing feud between former President Donald Trump and Federal Reserve Chair Jerome Powell continues to escalate. Trump, who appointed Powell in 2017, has repeatedly criticized Powell's handling of interest rates, particularly his reluctance to implement more aggressive cuts. In a recent statement, Trump called Powell "Mr. Too Late," accusing the Fed of sabotaging the economy. Powell, however, has maintained that the Fed's decisions are based on data, not politics. "I've never asked for a meeting with any president and I never will," Powell stated, emphasizing the Fed's independence. The conflict underscores the tension between political pressures and the central bank's commitment to long-term economic stability. The situation is further complicated by Trump's demands for immediate rate cuts, despite concerns about inflation. This ongoing power struggle has significant implications for the U.S. economy and financial markets.