Commentary: Trump stuck with Powell despite strains
By Darrell Delamaide in Washington
Minneapolis Federal Reserve President Neel Kashkari’s defiance on the Fed’s interest rate increases has made commentators wonder if he was angling for Jerome Powell’s job as Fed chair. Donald Trump himself has been complaining loudly and often how much Powell’s policy bothers him. In practice, the US president’s freedom of action in firing a Fed chief is practically non-existent. The Fed has sought to defend...