Tensions Between Trump and the Fed

This chapter examines the strained relationship between President Trump and Federal Reserve Chairman Jerome Powell, highlighting Trump's dissatisfaction with Powell's management of interest rates and its effects on the economy. The discussion delves into the implications of potential changes in Fed leadership, particularly Trump's desire for lower rates, and the broader impact of presidential influence on monetary policy stability. Additionally, the chapter underscores the importance of the Fed's independence in maintaining economic stability amidst political pressures.