Trump and Powell: Economic Game from Allies to Opponents The Beginning of Trust (2017) In 2017, Trump nominated Powell as the chairman of the Federal Reserve, believing that he could maintain low interest rates and boost economic growth. At first, the two worked well together, and Trump hoped Powell would support his economic policies. Cracks appear (2018-2019) However, Powell raised interest rates four times in a row in 2018 to prevent the economy from overheating and causing dissatisfaction from Trump. He publicly criticized the Federal Reserve for being "crazy", accusing interest rate hikes of hindering economic growth, and hinted at firing Powell. In 2019, Trump once again pressured the Federal Reserve to cut interest rates, but Powell insisted on independent decision-making, leading to an escalation of their conflict. Trump even hinted on Twitter that Powell is a "bigger enemy than China". Policy collision under the impact of the epidemic (2020) In 2020, with the outbreak of the epidemic, the Federal Reserve urgently cut interest rates to zero and launched a large-scale monetary easing policy. The Trump administration has also implemented fiscal stimulus measures. However, the two have differing opinions on economic recovery strategies. Trump hopes to quickly restart the economy, while Powell warns of lingering risks. Although the interest rate cut briefly eased the relationship between the two, the divergence in policy direction remains evident. Election and Game Upgrade (2024) In 2024, during the Trump campaign, the economy slowed down and the Federal Reserve maintained high interest rates to combat inflation. Trump once again accuses Powell of raising interest rates too much and implementing trade wars and fiscal austerity, attempting to create economic pressure and force the Federal Reserve to cut interest rates. The market is volatile and investors are concerned about the risk of recession, while Powell insists on the independence of the Federal Reserve and is not influenced by politics. Ending and Impact This game has intensified market uncertainty and also affected policy direction. Trump exerted pressure on the Federal Reserve to cut interest rates, but Powell maintained central bank independence at critical moments and avoided political intervention in monetary policy. The confrontation between the two showcased the delicate balance between the president and the Federal Reserve in economic management: the president wants rapid economic growth, while the central bank focuses on long-term stability. Ultimately, the future direction of the US economy will depend on how the aftermath of this game affects policies and market confidence.