President Trump got himself one step closer to getting the lower interest rates that he desperately wants with the Friday morning announcement that former Federal Reserve Board of Governors member Kevin Warsh would be his nominee for Federal Reserve chair. “He is ‘central casting’ and he will never let you down,’” Trump wrote on Truth Social, suggesting that the current Fed chair, Jerome Powell, has let him down a great deal.

Since his second inauguration, Trump has loathed Powell, whom he appointed in 2017, for upholding the traditional divide between politics and monetary policy. Sometimes, this has made for a funny dynamic, like when Trump toured the under-construction Fed building with Powell and donned a hard hat while accusing the institution of going way over cost on the project. Amid his push to remove him in........

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