What happens to Fed Chairman Jerome Powell if Trump gets re-elected?
By Martha C. White
If President Donald Trump wins re-election in November, he could throw the economy into disarray with an assault on the Federal Reserve as he seeks to remake the central bank in his own image — and compliant with his whims. …Negative interest rates also are terrible for ordinary people, said Karen Shaw Petrou, managing partner of the consulting firm Federal Financial Analytics. “I think negative interest rates are just about the worst things we could do for economic inequality, because they destroy savings, threaten retirements and evaporate pensions,” Petrou said. “And if the economy is in a recession, which is blighting what Trump thinks of as his legacy, I think the results are far less predictable.”