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

Kevin Warsh, Trump’s ‘central casting’, has a long road ahead of convincing board members to lower interest rates

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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from The Guardian https://ift.tt/MTFaY6B