The White House and the Federal Reserve are in ongoing power struggles

The U.S. Federal Reserve announced that it would keep the federal funds rate unchanged, marking the third consecutive time the rate has not been adjusted. Since Trump took office, tensions between him and the Fed have escalated: he has publicly called for rate cuts and criticized officials such as Powell, even threatening to intervene in personnel appointments. Trump has repeatedly attacked the Fed’s high-interest-rate policy, urging an immediate rate cut and saying it is choking off economic growth. Although the Fed cut rates by 25 basis points for the first time in September 2025, it failed to meet Trump’s aggressive demands. Trump’s pressure may be driven by multiple economic and political objectives, including lowering the government’s borrowing costs and stimulating the economy. However, this standoff could shake market confidence in the Fed’s policies, affecting the effectiveness of monetary policy and the stability of the U.S. dollar. (CCTV News)