Trump and the Fed Are Now at War

Donald Trump

The skirmishing between U.S. President Donald Trump and the U.S. Federal Reserve has broken into outright war, with potentially huge implications for the independence of the world’s most important central bank, the U.S. dollar, and America’s financial credibility in the future. On Friday, the U.S. Justice Department issued subpoenas to Federal Reserve Chair Jerome Powell, a Trump appointee who has spent much of his term under fire for not acquiescing to the president’s desire to turbocharge the

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Trump and the Fed Are Now at War http://foreignpolicy.com - 12.01.2026 02:20

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Trump and the Fed Are Now at War http://foreignpolicy.com - 12.01.2026 02:20