President Trump has become more abrasive in his comments about Fed Chair Jay Powell, as his post last week illustrates. “ He’s a stupid person— stubborn mule…I've instructed my people not to do any debt beyond nine months or so. Get this guy out.. if I think somebody's going to keep the rates where they are, or whatever, I'm not going to put them in. I'm going to put somebody that wants to cut rates. There are a lot of them out there .”
President Trump’s aggressive criticism of Chair Powell is counterproductive. The FOMC values its independence and credibility and will need clear...
