Source: The American Prospect
by Robert Kuttner
“If you want to get a sense of Donald Trump’s deepening dementia, look no further than his self-annihilating vendetta against Federal Reserve Chair Jerome Powell. As you may recall, Powell’s term as chair expires soon, on May 15, but his term as a Fed governor continues through January 2028. Trump has appointed a successor, former Fed governor and investment banker Kevin Warsh, who would ordinarily have his confirmation hearing next week. Warsh would then become Fed chair, succeeding Powell, who would likely leave the Fed entirely. So the quickest way for Trump to oust Powell would be just to let Warsh’s confirmation proceed and avoid screwing it up. But Trump being Trump, his vanity, rage, and muddled thinking are causing Powell to stay in office.” (04/17/26)
https://prospect.org/2026/04/17/how-trump-undermines-trump-jerome-powell-federal-reserve/