President Trump Bashes the Fed. This Is How the Fed Chief Responds. – The Wall Street Journal

Federal Reserve leaders for the past quarter-century have made decisions about interest rates without being pressured by the president.

President Trump has broken that streak, calling the central bank “crazy” for raising rates and more than once saying the Fed is damaging the economy. That has prompted Fed Chairman Jerome Powell to update playbook rules for dealing with a president annoyed by America’s central bank.

Rule…

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