#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 remov