Trump wanted to influence the Federal Reserve, but Federal Reserve Chairman Powell fell out with Trump. It was Trump who nominated Powell to be the chairman of the Federal Reserve, but he had long since 'defected' and did not listen to Trump at all.
Trump has been dissatisfied with the Federal Reserve's monetary policy, believing it is too loose, which has led to high inflation. He has publicly criticized Powell multiple times and attempted to intervene in the Federal Reserve's decisions through executive measures.
However, Powell, as the chairman of the Federal Reserve, has maintained his independence and professionalism, refusing to be swayed by political forces. He has repeatedly emphasized that the Federal Reserve's decisions are based on assessments and judgments of the economic situation, rather than political factors.
The conflict between Trump and Powell has gradually escalated, and their relationship has become increasingly tense. Ultimately, Trump was unable to change the Federal Reserve's monetary policy as he wished before his term ended.
This incident has also sparked public concern and reflection on the independence of the Federal Reserve. As the central bank of the United States, its independence and professionalism are crucial for maintaining economic stability.
From this incident, we can see that the boundaries between politics and economics must be clear to ensure the scientific and fair nature of economic policy. $JASMY
