"Trump Vows to Replace 'Political' Fed Chair Powell, Citing Democratic Favoritism"

Former President Donald Trump accuses Federal Reserve Chair Jerome Powell of being "political" and working to help President Joe Biden with his reelection, suggesting that Powell is considering lowering interest rates to benefit Democrats. Trump has a history of expressing disapproval of Powell's actions, including lowering, raising, and keeping interest rates steady. Despite Trump's criticisms, the US economy has shown strength, with low unemployment and declining inflation. Powell has distanced himself from comments about seeking a third term, and experts see the current economic policy as successful in achieving noninflationary growth. Trump has also claimed credit for the stock market rally, attributing it to the belief that he will be reelected.