President Donald Trump has found a new front in his war against Federal Reserve Chairman Jerome Powell - and a potential way to rid himself of the nation’s central banker.
Trump has made no secret of his distaste for Powell, whom he nominated to lead the Federal Reserve in 2017, primarily because of Powell’s refusal to lower interest rates, particularly in light of Trump’s decision to levy tariffs. This weekend, Trump announced that he would impose a 30 percent “reciprocal tariff” rate on Mexico, one of the United States’ biggest trading partners, and on the European Union.
