President Trump’s hectoring of the Fed has persuaded some investors the White House is driving its decision making. That's making Jerome Powell's job harder.
WASHINGTON—Federal Reserve Chairman Jerome Powell’s first six months on the job were smooth sailing. The past six have been the opposite.
He has learned that the economic outlook can change suddenly, that communicating with jittery markets is harder than it looks and that President Trump isn’t likely to make his job any easier.
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