A look at the unfolding battle between Trump and Powell over Fed policy

The relationship between President Donald Trump and Federal Reserve Chairman Jerome Powell is rapidly deteriorating.

At the heart of the conflict is Powell’s reluctance to lower interest rates, a stance rooted in the Fed’s cautious, data-dependent approach to managing inflation and economic growth.

Trump, who appointed Powell as Fed chair in 2017, has grown increasingly vocal in his criticism, repeatedly urging the central bank to cut rates as a way to stimulate the economy. 

In recent weeks...