Mohan, T.T. Ram
Central bank independence and the Donald Trump Jay Powell clash - Economic & Political Weekly - 60(39), Sep 27, 2025: p.10-11
“Numbskull,” “fool,” “moron,” “stupid”—these are some of the expletives United States (US) President Donald Trump has used to characterise the chairman of the US Federal Reserve (Fed) Jerome Powell. Trump is upset that the Fed chairman is not cutting interest rates fast enough and low enough. Powell insists that the Fed’s decisions are based on the requirements of the US economy. The clash between Trump and Powell has resurrect¬ed the debate on central bank independence, a sacred tenet of economic policymaking for around five decades now.- Reproduced
https://www.epw.in/journal/2025/39/h-t-parekh-finance-column/central-bank-independence-and-donald-trump-jay.html
Central bank independence and the Donald Trump Jay Powell clash - Economic & Political Weekly - 60(39), Sep 27, 2025: p.10-11
“Numbskull,” “fool,” “moron,” “stupid”—these are some of the expletives United States (US) President Donald Trump has used to characterise the chairman of the US Federal Reserve (Fed) Jerome Powell. Trump is upset that the Fed chairman is not cutting interest rates fast enough and low enough. Powell insists that the Fed’s decisions are based on the requirements of the US economy. The clash between Trump and Powell has resurrect¬ed the debate on central bank independence, a sacred tenet of economic policymaking for around five decades now.- Reproduced
https://www.epw.in/journal/2025/39/h-t-parekh-finance-column/central-bank-independence-and-donald-trump-jay.html