What Trump Can (And Can’t) Do to Steer Fed Policy: QuickTake

President Donald Trump remains unhappy that the U.S. Federal Reserve under the chairman he chose, Jerome Powell, raised interest rates during the first part of his presidency and more recently hasn’t dramatically lowered them. But while the president can authorize military operations, issue rules by executive order, convene Congress and pardon criminals, he can’t do much about the Fed. That doesn’t mean Trump isn’t trying.