Powell Is Stuck in the Middle With Trump

Powell Is Stuck in the Middle With Trump

Good morning. Jerome Powell is in the middle of one of Donald Trump’s preferred attack strategies. The administration is paving the way for crypto to enter the mainstream. And meme stock mania is spreading. Listen to the day’s top stories.

Jerome Powell isn’t flinching from Trump. Leaders should take note.

Fed Chair Jerome Powell hasn’t directly engaged with President Donald Trump’s attacks. AP Photo/Julia Demaree Nikhinson Jereome Powell isn’t taking the bait — and it’s a lesson for us all. For months, Trump has lobbed a slew of ad hominem attacks, from “Mr. Too Late” to “knucklehead” and “numbskull,” at the Federal Reserve chairman, who has declined to cut interest rates as fast as Trump would like. Trump has also called on Powell to step down. …

Jerome Powell isn't flinching from Trump. Leaders should take note.

Fed Chair Jerome Powell hasn't directly engaged with President Donald Trump's attacks.AP Photo/Julia Demaree NikhinsonPresident Trump has repeatedly insulted Federal Reserve Chair Jerome Powell.Powell has not directly engaged with Trump's personal attacks and has said he won't step down.Fed observers offered takeaways for business leaders based on Powell's leadership style.Jereome Powell isn't taking the bait — and it's a lesson for us all.For m…