#TrumpVsPowell The Clash Over Interest Rates Heats Up ๐ฅ๐บ๐ธ
Former U.S. President Donald Trump has reignited his long-standing feud with Federal Reserve Chair Jerome Powell, accusing him of being โtoo lateโ in cutting interest rates. With inflation cooling and other central banks like the European Central Bank making cuts, Trump believes Powellโs inaction is hurting the U.S. economy.
๐ Trump on Truth Social:
โToo Late Powell has failed to act appropriatelyโฆ his termination cannot come fast enough!โ
Senator Rick Scott echoed Trumpโs view, saying itโs time for new leadership at the Fed.
But Powell isnโt budging. In a recent speech, he reminded everyone that the Fedโs independence is โa matter of law,โ and signaled his intent to serve until his term ends in May 2026.
๐ฅ Why it matters:
Trumpโs criticism breaks a long-standing tradition of keeping politics out of Fed decisions.
Interest rate moves are crucial for markets, borrowing, and inflation control.
Powellโs resistance to pressure shows the Fed's focus on long-term economic stabilityโnot political influence.
โ๏ธ The power struggle between politics and policy continuesโฆ who do you think is right?
#TrumpVsPowell #BinanceAlphaAlert #Musk
#ElonMuskTalks #Powell
