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Trump's Pressure on Fed Chair Powell Sparks Controversy
US President Donald Trump has reignited tensions with the Federal Reserve, calling on Chair Jerome Powell to cut interest rates after recent CPI inflation data. Trump tweeted, "Thank you mister tariff," suggesting his trade policies are driving economic decisions.
This isn't the first time Trump has publicly pressured Powell. The Fed chair has faced criticism for maintaining higher rates, with Trump labeling him "incompetent" and hinting at lawsuits. The situation escalated when the Justice Department subpoenaed Powell over testimony about Fed headquarters renovations, sparking concerns over central bank independence.
The Fed's Dilemma
The Fed's next meeting is scheduled for January 27-28, but rate cuts seem unlikely. Markets anticipate at least two quarter-point cuts this year. Powell has defended the Fed's autonomy, stating the subpoena is an "unprecedented" attempt to influence monetary policy.
Market Reaction
Stocks and the dollar retreated, while gold surged to a record high. The move has drawn criticism from economists and former Fed chairs, who warn it undermines the central bank's independence.
Implications
The standoff raises questions about the Fed's ability to set policy without political pressure. If Powell's term ends in May, Trump may appoint a more compliant chair, potentially altering the Fed's stance on interest rates.
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U.S. President Donald Trump has sharply distanced himself from the recent subpoena issued to the Federal Reserve (Fed), a move that has sparked significant controversy. Trump claimed he knows “absolutely nothing” about it—adding that Fed Chair Jerome Powell “isn’t very good at his job and definitely can’t build buildings.” Powell, however, hit back, declaring that the Fed will not yield to pressure and will continue to act independently of political interference.

Powell: The Fed Will Not Bow to Political Intimidation
Federal Reserve Chair Jerome Powell stated that he faces unprecedented pressure—allegedly even threats of criminal prosecution. He accused the Department of Justice (DOJ) of attempting to influence the Fed because it continues to set interest rates based on economic indicators rather than presidential preferences.
“We will not submit to political intimidation,” Powell declared. He emphasized that he has served under four administrations—both Republican and Democrat—and always fulfilled the Fed’s dual mandate of price stability and maximum employment, free from political influence.

Trump Claims No Connection to the Subpoena
In response, Trump denied any involvement with the DOJ’s subpoena, insisting it had “nothing to do” with interest rates. While acknowledging he has criticized high rates, he claimed Powell deserved public pressure for causing financial pain to many Americans.
“If it were about interest rates, I wouldn’t even think of doing something like that,” Trump said, while simultaneously casting doubt on Powell’s competence as Fed Chair.

Congress Warns Against Undermining Central Bank Independence
Senator Thom Tillis warned that the Fed’s subpoena appears to be an attack on its independence and raised concerns over the intentions behind it. He accused the Trump administration of actively seeking to undermine both the Federal Reserve and the DOJ’s credibility.
Tillis stated he would oppose confirming any Trump nominee for Fed Chair until the issue is fully resolved. Potential Trump picks reportedly include former Fed governor Kevin Warsh and White House National Economic Council Director Kevin Hassett.

Is Trump Using Pulte to Pressure the Fed?
The subpoena effort is allegedly being driven by Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and a close Trump ally. Pulte has reportedly influenced debates over housing policy and is believed to be helping Trump apply pressure on the Fed ahead of appointing a new chair.
However, senior officials insist that the DOJ—not Pulte—is behind the move. Some of Trump’s inner circle were reportedly shocked by the subpoena and fear the legal dispute could destabilize bond markets.

#FederalReserve , #JeromePowell , #DonaldTrump , #USPolitics , #Fed

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A major political and financial confrontation is unfolding in the US, and it could impact stocks, crypto, gold, silver, and global markets.
⚖️ What’s Happening?
Former President Donald Trump and Federal Reserve Chair Jerome Powell have been in open conflict.
Trump has consistently pushed for interest rate cuts
His belief: when rates are cut, liquidity increases
More liquidity usually means stocks, crypto, and commodities outperform
Trump’s past presidencies are known for strong market performance, and he wants to repeat that playbook.
🏦 Powell Refuses to Bow Down
Jerome Powell has refused political pressure, repeatedly stating:
“The Federal Reserve is an independent institution.”
This resistance is unprecedented — no US President has ever pressured the Fed this openly.
🔍 The Investigation Twist (June 2025)
A new angle changed everything:
The 90-year-old Federal Reserve building underwent renovation
Cost reportedly reached $25 billion
An investigation was launched into misuse of public funds
Recently, the US Department of Justice upgraded this probe into a criminal investigation.
🎥 Powell’s Response
Powell broke his silence and released a public statement saying:
The criminal investigation is politically motivated
It began because he refused to cut rates under pressure
Rate cuts should happen only when it benefits the American public
This marks the first time a Fed Chair openly accused political interference.
🌍 Why Markets Are Nervous
Markets are now pricing in a dangerous possibility:
What if the Federal Reserve is no longer independent?
If the world’s most powerful central bank loses independence:
US financial credibility weakens
Global uncertainty rises
Long-term economic stability is questioned
📉 Market Implications
Rate cuts under pressure → higher inflation risk
Extreme scenario → hyperinflation fears
Investors typically move toward safe and scarce assets
🟡 Assets That May Benefit from This Uncertainty
Gold
Silver
Bitcoin
Historically, these assets outperform during monetary and political instability.
🧠 Final Thought
Short-term, uncertainty can boost hard assets.
Long-term, political control over monetary policy is dangerous for the global financial system.
This is not just US news — it affects the entire world.
📌 Stay informed. Volatility is rising.
#FederalReserve #DonaldTrump #TrendingTopic #JeromePowell
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