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Turbulent Politics and Business Tensions Unfold in Heightening Global Market Drama

The U.S. Federal Reserve Showdown: Trump vs. Jerome Powell

In a spectacle reminiscent of economic theater, U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell recently found themselves in a highly charged confrontation outside the Fed's under-construction building in Washington. Trump’s persistent demand was for the Fed to cut interest rates, a move he believes would invigorate the economy and bolster his political standing. However, the Fed, operating with independence and cautious about fueling inflation, resisted the pressure.