Trump struggles to reshape Fed
By Sylvan Lane
President Trump is struggling to win his fight to reshape the Federal Reserve with Republicans rebelling over a potential nominee and the bank’s chairman resisting calls to cut interest rates. The independent central bank has long been a popular target for the president who has hammered it over its policies. But despite Trump’s persistent criticism, his efforts to shake up the bank and influence its decisions have fallen short. …“The more the president surprises or embarrasses senior Republicans, the more likely they seem to be to resist it,” said Karen Shaw Petrou, managing partner at Federal Financial Analytics. “The president expresses his views very strongly and ideologically. But there’s often at least some folks who think the same way with more of academic pedigree or CV to back it up.”