The U. S. President, Donald Trump, has been vocal about his displeasure with Federal Reserve Chair Jerome Powell. This has sparked worries that he might try to remove Powell from his position. However, this move might not be enough to get the rate cuts he desires. The Federal Reserve is an independent body. It is designed to operate without political interference...

The Fed Chair Jerome Powell is facing intense pressure from the president. The president's frustration stems from Powell's reluctance to lower interest rates. The president believes that the Fed should have reduced rates earlier, especially when compared to the European Central Bank's recent move. This tension comes at a time when the economy is facing challenges due...