新仇旧怨一起算？特朗普团队睚眦必报，鲍威尔收到美司法部传票

Core Viewpoint - The ongoing conflict between former President Trump and Federal Reserve Chairman Powell centers around interest rate policies, with Trump pushing for significant rate cuts to stimulate economic growth and Powell maintaining rates to combat inflation [1][3][6]. Group 1: Background of the Conflict - Trump's previous presidency ended partly due to the Federal Reserve's refusal to lower interest rates, which contributed to high inflation and his electoral defeat [1]. - The Federal Reserve's renovation project budget increased from an initial $1.9 billion to $2.5 billion, with Trump claiming actual costs exceeded $3.1 billion, highlighting the financial tensions between the two parties [3]. - Since re-entering the political arena, Trump has consistently demanded the Federal Reserve lower rates to reduce government borrowing costs and support his manufacturing revival plan [3][7]. Group 2: Economic Implications - The U.S. national debt has surpassed $37 trillion, and a 1% decrease in interest rates could save the government hundreds of billions in annual interest payments [3]. - Current inflation rates are around 2.7%, above the Federal Reserve's target of 2%, which justifies Powell's decision to maintain higher interest rates [6][9]. - Historical precedents warn against political interference in monetary policy, as seen in the 1970s when low rates led to severe stagflation [6][9]. Group 3: Future Considerations - The investigation into Powell by the Justice Department, instigated by Trump, poses a threat to the independence of the Federal Reserve and could set a dangerous precedent for future chairpersons facing political pressure [9]. - The outcome of this conflict may not only affect Powell's position but also the future dominance of the U.S. dollar in global markets, especially as countries diversify their foreign exchange reserves [11].