There was already little chance that reinstated President for Life Donald Trump would reappoint Jay Powell to a third term as Fed chair...even an overly ambitious cypher like Powell would want to serve another four years under Trump's thumb.
The group of Trump allies argues that he should be consulted on interest-rate decisions, and the draft document recommends subjecting Fed regulations to White House review... Powell as Fed chair before his four-year term ends in 2026...
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