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Al Jazeera
Al Jazeera
Politics
Erin Hale

Why Trump’s attacks on Jerome Powell are raising fears for the US economy

Jerome Powell Donald Trump United States Economy David Wilcox Richard Nixon Scott Bessent Al Jazeera Inflation US Federal Reserve
US President Donald Trump looks on as Jerome Powell approaches a podium at the White House, in Washington, DC, on November 2, 2017 [Carlos Barria/Reuters]

United States President Donald Trump has spent months attacking US Federal Reserve chairman Jerome Powell for not moving faster to lower interest rates.

While Trump is not the first president to clash with the head of the US central bank on monetary policy, he has gone further than his predecessor by threatening to fire Powell and pressuring him to resign.

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