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Context from Wikipedia on the organisations, people and places in this story.
President of the United States (2017–2021; since 2025)
Donald John Trump is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021.
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Central banking system of the US
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the American monetary system. Although an instrument of the U.S. government, the Federal Reserve System is considered an independent central bank due to its structural insulation from political interference.
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American financier (born 1953)
Jerome Hayden "Jay" Powell is an American central banker who currently serves as a governor of the Federal Reserve. He was the 16th chair of the Federal Reserve from 2018 to 2026. After his term as chair ended on May 22, 2026, Powell remained a member of the Federal Reserve Board of Governors. His term as a governor runs through January 31, 2028. He was previously both a lawyer and investment banker in the private sector before entering public service.
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