From WSJopinion: Fed Chairman Jerome Powell has endured Trump’s assaults on the Federal Reserve with dignity, writes Alan S. Blinder
Two and a half cheers for my friend Jay Powell, chairman of the Federal Reserve Board. I’ll come back to the half, but the two cheers are for the exemplary way he has conducted himself in office. That includes most of his decisions, his efforts to enhance the Fed’s communications, and, most important, the way he has stood up to the blusterer in chief—steadfastly, but with dignity.
Mr. Powell is by no means the first Fed chairman to clash with a president. In fact, this was the norm prior to Bill Clinton,...
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