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Fed Boss Powell Feels Trump's Fleeting Loyalty

From bloombergquint.com

Donald Trump has never shied away from expressing an opinion about people who’ve been part of his inner circle – criticizing Attorney General Jeff Sessions, while offering qualified support to his former campaign chairman, Paul Manafort. Now Federal Reserve Chairman Jerome Powell is in his sights. Like Sessions and others, the fact that Trump hired Powell isn’t insulating him from public fault-finding. Nor is a long-held practice of presidents considering the central bank above the fray. Trump on Friday lamented Powell’s job performance to wealthy Republicans at a Hamptons fundraiser, telling them that he’d expected ... (full story)

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  • Category: Fundamental Analysis