Trump has likely done lasting damage to the Fed

US President Donald Trump's Christmas Eve tweet reiterated that he considers Federal Reserve chairman Jerome Powell a thorn in his side, one I think Mr Trump believes he needs to pull out - even if Treasury Secretary Steven Mnuchin claims otherwise.

We need to start thinking about what happens if the President tries to fire Mr Powell.

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A version of this article appeared in the print edition of The Straits Times on December 27, 2018, with the headline 'Trump has likely done lasting damage to the Fed'. Print Edition | Subscribe