Federal Reserve chairman Jay Powell
President Trump appointed Powell to run the Federal Reserve, so the central banker cannot complain that he didn’t know what he was getting into when he took the job. It is nevertheless unlikely that Powell appreciated the full horror of trying to conduct a measured return to a policy of higher interest rates against a backdrop of aggressive public opposition to any hikes by the president.
“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike.
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