Defiant independence from the Federal Reserve catches Trump off guard

Austan Goolsbee, President of the Chicago Federal Reserve Bank, praised Jerome Powell, the Federal Reserve Chair, calling him a 'first-ballot hall of fame Fed chair' during an NPR interview. This commendation comes amid scrutiny of Powell's leadership, particularly regarding an investigation into the central bank's renovation management.

Donald Trump has publicly criticized JP Morgan CEO Jamie Dimon for suggesting that Trump is undermining the Federal Reserve's independence, amidst ongoing scrutiny of the Fed's chair, Jerome Powell, who is facing a criminal investigation by the US Department of Justice. This criticism highlights the contentious relationship between the Trump administration and the central bank.

During a speech in Detroit, President Trump intended to address economic issues but quickly shifted focus to criticize President Biden and Federal Reserve Chair Jerome Powell, straying from the main topic. This deviation has drawn attention as it reflects Trump's ongoing strategy to deflect criticism of his economic record.

CNN's data chief, Harry Enten, stated that former President Donald Trump is 'totally losing the political fight' against Federal Reserve Chair Jerome Powell, highlighting a significant disconnect between Trump and the American public, who he claims 'vigorously disagree' with Trump's recent actions and rhetoric.