Trump's attacks on Fed Chair Jerome Powell are backfiring

Trump's assault on the Federal Reserve is stalling on multiple fronts, and could end up keeping Powell at the Fed even after his term as chair ends

President Donald Trump and Federal Reserve Chair Jerome Powell in July. (Chip Somodevilla/Getty Images)

The White House could install a new Federal Reserve chair within months if a criminal investigation into Fed Chair Jerome Powell launched by the Department of Justice was dropped. That's not happening.

Instead, both sides are digging in and ensuring a standoff with enormous significance for the future of monetary policy drags on with no end in sight. Powell's term might end on May 15 with him staying on as "chair pro tempore" — the opposite of what Trump set out to achieve.

The latest salvo came Thursday when Trump suggested Powell was engaged in "criminality" over ongoing renovations at........

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