President Trump is out of control.
His latest attack on Jay Powell, his own appointee as chairman of the Federal Reserve Board, is so far beyond shameful as to be in a different moral universe.
Trump has been on a year-long tear pressuring the Fed to reduce interest rates and criticizing it when it hasn’t done so far enough or fast enough. Today, in a much-anticipated speech at Jackson Hole, Wyoming, Powell actually gave hints that another rate cut would come in September.
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