#Trump Pressures Powell#

Pressure from Trump to Powell: Is Fed Independence at Risk?

This situation is a rare example of political pressure in history.
Trump, his appointed Fed Chairman Jerome Powell:
• Clearly blaming for keeping interest rates high
• "Numbskull" ( targets personally with phrases like ahmak)
• It is even raising the issue of dismissal by citing the renovation budget of the Fed building.

The markets reacted immediately:
• The dollar has lost value
• Bond interest rates have risen
• Investors have turned to short-term positions

However, U.S. laws make it difficult to remove the Fed Chairman for political reasons.
For this reason, Trump also seems to have taken a step back for now by saying, "it's not very likely, but if necessary, it will happen."


This development signifies a serious test not only for Powell but also for the independence of the Fed.