The Fed's Trump trap

The Federal Reserve may be damned if it raises interest rates and damned if it doesn't. Recently appointed Fed Chair Jerome Powell had only just started his new job last Monday when the stock market nosedived 1,100 points. Then it plunged another 1,000 points on Thursday, before ticking up Friday. All told, the Dow Jones Industrial Average and the S&P 500 both ended last week down over 5 percent. Now everyone is on pins and needles, wondering if the rout will continue. Typically, stocks...