Can the Fed's chair shake off the wolves of Wall Street and White House?
by Larry Elliott from on (#4NRB2)
Trump may howl for stimulus but the put-upon Federal Reserve chief Jerome Powell has his hands tied
Donald Trump is not known for his love of 12th-century English history but there are echoes of the clash between Henry II and Thomas Becket in the president's troubled relationship with Jerome Powell, the chair of the Federal Reserve.
If Powell feels beleaguered as he prepares to make the most important speech in his 18 months in the job, on Friday, then that's hardly surprising. The world's most powerful banker has Wall Street and the White House on his back, both howling for more stimulus.
Related: Trump raises pressure on Federal Reserve to cut interest rates
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