President D. Trump’s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that a volatile market – and the attendant possibility of an economic downturn – could endanger his reelection prospects.
Thomas Franck
Trump Says Federal Reserve Rate Hikes Are His ‘Biggest Threat’
President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.