Angry with the Fed, Trump steps up attacks on Chairman Powell

President Trump has been stepping up his attacks on Federal Reserve Chairman Jerome Powell. The nation’s central bank has enjoyed independence from politics for decades. But that independence is increasingly at risk as the president fumes about Powell and his decision not to aggressively lower interest rates. Many legal scholars agree that the president cannot fire Powell from the Fed’s board of governors, but there is less agreement over whether a president can remove him as chair. GC, the WH.