Trump Accuses Powell of Bias in Interest Rate Decision

Former President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell’s recent decision to maintain interest rates, accusing him of acting based on personal bias rather than economic factors. This escalation in their ongoing conflict highlights concerns about political influence on the Fed and raises questions about its independence. Powell maintains a cautious approach, focusing on economic indicators, while Trump’s comments suggest Powell is prioritizing politics over economics. The differing monetary strategies are being closely watched by international markets as they can significantly affect currency stability and capital flows.