Fed meeting puts spotlight back on Trump's rift with Chairman Powell

The increasingly fraught relationship between President Donald Trump and Federal Reserve Chairman Jerome Powell is back in focus as the Federal Open Market Committee is set to announce its next move on interest rates on Wednesday. At stake is the direction of U.S. monetary policy and Trump’s renewed pressure on the central bank to deliver rate cuts he says are needed to keep the economy growing.Powell, however, has slowly moved on those calls, maintaining a cautious, data-dependent approach to managing infl ...