Trump puts massive pressure on US Federal Reserve boss Powell.
Trump doesn’t like it when people resist his wishes. Then he humiliates her – like the Ukrainian President Selenskyj in the public. This is how dictators behave, not democratically elected presidents. The American doesn’t care. He makes the world as he likes it. As a person without manners, Trump shakes the independence of the US Federal Reserve and violates a taboo. It becomes clear that Trump’s basic principle is a break in the taboo. He enjoys how good blows on the golf. The fact that he threatens the American central bank boss Powell and promotes his expulsion is more than a taboo break: The US President demonstrates how no matter to him.
Trump does not fit that Powell refuses to quickly reduce interest rates. The US President hopes that the US economy will be stimulated thanks to low interest rates and thus cheaper loans. The monetary authorities are supposed to heal what he broke with his chaotic customs policy. The request is shameless. Trump wants to degrad Powell to vassals, i.e. servants, and transform the USA into a vassal state.
The Americans cannot put up with that
The Americans cannot put up with that. The conflict of the independence of the central bank FED becomes a nail test for democracy. Fortunately, it is difficult for Trump to hunt Powell like a dog from the farm because he doesn’t want to be his servant. He will probably have to endure it by next year that the man refuses to follow him. Then, when the central bank’s central bank’s term ends, he can replace it with a servant to his taste. But the office shapes the person. The Powell successor chosen by Trump could at some point the faithful of vassals. This hope remains.
