If Trump Keeps Intimidating the Fed, He Will Pay a Price

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Donald Trump is not the first U.S. president outraged by the Federal Reserve’s management of the economy. It could be said that the Fed was created to anger the presidents. Elected officials want the economy to grow fast, now. The Fed’s role is to resist policies that generate short-term rises and long-term adverse consequences. It is supposed to keep the economic situation at the right temperature: neither too hot nor too cold. Wise politicians…