Trump learns the hard way that interest rates control the presidency, not the other way around

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The one thing absolutely nobody disputes is that Jerome Powell’s life would personally be much, much better if he just let himself retire. At almost 73, Powell has long hinted at his intention to resign entirely from the Federal Reserve after his term as chairman expires in May, even though his term as a board governor doesn’t expire for another two years. After nearly 14 years at the central bank, Powell — who has trudged through the trenches during the failure of