The Big Bluff: Trump’s Threats Keep Everyone Guessing Donald Trump, the reality-TV-president-turned-kingmaker, declared this week that he doesn’t currently plan to fire Federal Reserve Chairman Jerome Powell—but make no mistake, he’s still dangling the sword over Powell’s bureaucratic neck. Like any seasoned manipulator, Trump stopped short of ruling it out altogether, keeping the threat alive to remind everyone who holds the big red button. For months, Trump has lambasted Powell as a dithering technocrat who was “too late” slashing rates, pinning America’s sky-high borrowing costs on the Fed’s lumbering indecision. Sources say he even privately pitched the idea of booting Powell to a few Republican lawmakers, a move that sent the suits in the financial district into a cold sweat.…
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