Donald Trump Vs. Jerome Powell: Keynesian Vs. Keynesian
Key takeaways
- President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24, 2025 in Washington, DC.
- Still, before getting to why Trump and Powell are economic doppelgangers it’s useful to get the basics of their confrontation out of the way.
- Trump arguably has the upper hand over Powell when it’s remembered that Powell’s proverbial clock is ticking.
Policy Donald Trump Vs. Jerome Powell: Keynesian Vs. Keynesian By John Tamny,
WASHINGTON, DC - JULY 24: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24, 2025 in Washington, DC. The Trump administration has been critical of the cost of the renovation and Federal Reserve Chairman Jerome Powell. (Photo by Chip Somodevilla/Getty Images)Getty Images On economic matters, Donald Trump and Jerome Powell aren’t very far apart, if at all. This would likely bother both, but it’s true nonetheless.
Still, before getting to why Trump and Powell are economic doppelgangers it’s useful to get the basics of their confrontation out of the way. Powell surely wants an admission from Trump that he did nothing criminal, and that any pretense of investigation will cease immediately. And in a recall of FDR, Trump wants Powell’s Fed seat to “pack the Fed.” What’s that they say about the “difference” between Democrats and Republicans?