When Trump says "I am stronger than Powell," Harris vows: will never interfere with the Fed

In sharp contrast to Trump's stance that "the president should have a say in the Fed," Democratic presidential candidate Harris recently emphasized respect for the Fed's independence, stating, "If elected president, I will never interfere with the Fed's decisions."

For a long time, Trump has been frustrated that the executive branch cannot have greater influence on interest rates. He has stated that the president should have some say in interest rates and monetary policy, with some analysts suggesting that this move would overturn the Fed's long-standing practice of independence from political interference.

On Thursday, Trump criticized Fed Chairman Powell at a press conference, saying that his rate adjustments were "a little too early, and a little too late," and pointing out:

"I have better instincts than the Fed or the chairman in many cases."

In response, Harris stated that she "strongly" opposes this position, believing that the central bank is an "independent entity."

On Friday, Harris held a rally in Arizona, one of the battleground states deciding the November election results, and the next day she went to Phoenix to participate in campaign activities. Some media outlets pointed out that Harris's actions were aimed at creating new momentum for her presidential campaign.

Harris also announced that she plans to launch her policy platform next week, focusing on the economy and cost reduction. Previously, due to voter dissatisfaction with President Biden's handling of the economy, Harris's campaign faced significant political burdens.

Analysts have pointed out that high prices have already hit American households and obscured government efforts to strengthen domestic manufacturing and infrastructure spending policies.

It is worth noting that for decades, U.S. presidents have traditionally avoided publicly criticizing the Fed's interest rate policies. Previously, Powell had pledged not to let political pressure influence the central bank's decisions.

Last month, Trump stated that if elected, he would allow Powell to complete his term as Fed chairman, especially when he believes Powell is doing the right thing. He also believes that the Fed should avoid cutting rates before the November U.S. presidential election.

Recent opinion polls show that Harris has erased Trump's lead in public opinion that he held for most of the summer, and the two candidates are now entering a three-month sprint until election day