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US President Donald Trump has long been critical of Jerome Powell, the head of the Federal Reserve, whom he appointed in 2018. Trump’s dissatisfaction stems from Powell’s management of interest rates, with the president advocating for lower rates to stimulate economic growth, while Powell has prioritized controlling inflation. Despite recent tensions and Trump’s public flirtation with Powell’s removal, there has been a softening of rhetoric, raising concerns about the independence of the Fed amid fears of political interference impacting economic stability.
