Trump's stamp on the Fed

The smartest insight and analysis, from all perspectives, rounded up from around the web: President Trump "broke precedent" when he nominated Jerome Powell last week to be the next chair of the Federal Reserve, said Ana Swanson and Binyamin Appelbaum at The New York Times. For nearly four decades, chiefs of the U.S. central bank have all been reappointed to second four-year terms, even by presidents of the opposite party. But after weeks of deliberation, Trump bypassed current Chair...