The Fed
Commentary: Why Trump is wrong on Powell
By Mark Sobel in Washington
President Trump has shown spurious reasoning in attacking the Fed and Chairman Jay Powell. It would be a huge disservice to America, the Fed and its independence if a debate over monetary policy gave succour to Trump’s attacks. Now is the time to vigorously protect Fed independence. A reasonable debate can be conducted about the Fed rate hike. But all should recognise that both sides have plausible arguments. A 25 basis...