Trump's war against Federal Reserve Chairman Jerome Powell

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President Donald J. Trump announced the nomination of Jerome Powell to be Chairman of the Board of Governors of the Federal Reserve System, November 2, 2017. Official White House photo by Andrea Hanks

Jerome Powell gave a highly anticipated speech today about monetary policy. President Trump apparently wanted him to announce that he would slash interest rates. Instead, Powell said there are limits to what he can do in the midst of the ongoing trade war with China. Trump tweeted in response: Embed:

And China announced retaliatory tariffs today on American goods like cars, nuts, soybeans and oil.