Trump’s attacks on Powell threaten the Fed’s independence. Here’s why it matters

By CHRISTOPHER RUGABER, Associated Press Economics Writer
WASHINGTON (AP) — Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
The developments are occurring against a backdrop of wider turmoil in the economy and financial markets, brought on by Trump’s sweeping taxes on imports. Most economists worry that an assault on the Fed’s lon