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Trump's Relentless Fed Pressure Creates Lose-Lose Scenario for Powell

President Trump escalated his long-running public attack on the Federal Reserve, creating a lose-lose situation for the central bank as it navigates the risks of higher prices and weaker growth from tariffs.The assault has little modern precedent and forces the Fed to confront a dreadful choice: It could cut rates sharply as Trump demands and risk fueling inflation that damages its credibility with markets. Or it could maintain its current wait-and-see stance, and face further bullying that would weaken its standing if the economy slows sharply and the administration is validated in its view that inflation shouldn't be a worry.Among Fed officials who have spoken since last week's meeting, the only two to signal any appetite to cut rates at the Fed's next meeting in late July are the two appointed by Trump in his first term. Michelle Bowman said in a speech Monday that she was more worried about risks of weaker employment than hi
Trump's Relentless Fed Pressure Creates Lose-Lose Scenario for Powell

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