Article:
President Trump has been ramping up pressure on Federal Reserve Chair Jerome Powell to lower interest rates, using the selection process for the Fed Chair as a bargaining chip. Trump's efforts to influence Powell's decisions come in the lead-up to Powell's highly anticipated speech at the Jackson Hole Economic Symposium.

The President has been publically critical of Powell's handling of interest rates, arguing that lower rates are necessary to boost the economy. Trump's tactics to pressure Powell raise concerns about the independence of the Federal Reserve and its ability to make decisions free from political influence.

Powell is expected to address the state of the economy in his speech at Jackson Hole, with investors eagerly awaiting any hint of future rate cuts. The global financial community is closely monitoring Powell's remarks for any signs of a shift in monetary policy.

As Powell prepares to deliver his speech, the spotlight is on the Fed Chair's ability to navigate the political pressure from the President while maintaining the central bank's mandate of ensuring stable prices and maximum employment.