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The tension between Jerome Powell, president of the Fed, and Donald Trump has marked 2026. Trump presses for rate cuts and questions the independence of the central bank, even opening an investigation against Powell. Powell resists and seeks to base decisions on economic data, not on politics.
The tension between Jerome Powell, president of the Fed, and Donald Trump has marked 2026. Trump presses for rate cuts and questions the independence of the central bank, even opening an investigation against Powell. Powell resists and seeks to base decisions on economic data, not on politics.