Trump and Powell’s Public Brawl In a spectacle worthy of a rigged carnival, Jerome Powell—the Federal Reserve’s unelected high priest of money—told the world he’s blaming Donald Trump’s tariffs for stopping the interest rate cuts that Trump himself has been howling for. Trump, never one to miss a chance to torch his rivals, declared on Tuesday: “Anybody would be better than J Powell. He’s costing us a fortune because he keeps the rate way up.” You could almost hear the applause from the banks—because every quarter-point in rates keeps ordinary Americans shackled to compounding debt. The Central Bank’s Convenient Excuses Powell, addressing an exclusive European Central Bank panel in Sintra, Portugal (because of course they all huddle in European villas…
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