Trump’s war against the Powell Fed has taken another political turn

Trump’s war against the Powell Fed has taken another political turn


Key Points
  • Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank.
  • In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone Trump could install as a central bank gadfly until Powell’s term expires.
  • A report indicated that Trump is considering naming the successor sooner than expected in an attempt to influence interest rate policy.



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