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The Guardian - US
The Guardian - US
Business
Eduardo Porter

Why Trump’s pick for Fed chair will not bring home the bank for the president

US Federal Reserve Donald Trump Kevin Warsh Alan Greenspan Clinton Economy Interest Rates Inflation
Donald Trump and Kevin Warsh.
Donald Trump and Kevin Warsh. Composite: AP/Rex features

Donald Trump’s fate is to be frustrated by monetary policy.

Even assuming he gets his way and Kevin Warsh succeeds Jerome Powell as chair of the Federal Reserve next month, it is unlikely that the president will finally gain control of the Fed.

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