How Bitcoin price will fare amid Trump’s ‘Erdoganisation of Fed’

Donald Trump’s feud with the Federal Reserve has an ugly precedent — Turkey. Earlier this week, Federal Reserve Chair Jerome Powell told the world that the Department of Justice had subpoenaed the central bank and threatened him with a criminal indictment. What for? To pressure Powell to drop interest rates, he said — something the agency did twice last year. Trump has repeatedly criticised the Fed for keeping rates high, arguing the decision has hurt housing affordability and economic growth. But tha ...