Trump vs. the Fed, briefly explained

Federal Reserve chair Jerome Powell has long been a target of Donald Trump; the president has sought to exert more control over the Fed’s decision-making and oust Powell. | Hannah Beier/Bloomberg via Getty Images

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here.

Welcome to The Logoff: Donald Trump is escalating his attacks on the independence of the Federal Reserve, with potentially dire consequences for the US economy.

What happened? On Sunday evening, we learned that the Trump administration has opened a criminal investigation into Fed chair Jerome Powell over an in-progress renovation of Fed headquarters. In an almost two-minute video,........

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