“President Trump’s future Federal Reserve chair was already facing a daunting task: juggling wary financial markets, hard-to-interpret economic indicators, the sprawling and complex internal politics within the central bank itself and a brash president whose quest for lower interest rates has consumed much of his attention this year,” Politico reports.
“But as he homes in on his ultimate pick, Trump is ratcheting up the tension further for whomever gets the job after Fed Chair Jerome Powell by pushing for policies that could make inflation worse, even as he continues to pressure the Fed to declare victory over price spikes.”
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