Trump heading for a brutal humiliation on Wall Street: Nobel economist (opens in new tab)

President Donald Trump spent months angrily berating U.S. Federal Reserve Chairman Jerome Powell for not lowering interest rates as much as he would like, and the Trump-era U.S. Department of Justice (DOJ) even targeted Powell for a federal investigation. Financier Kevin Warsh, Trump's nominee to replace the outgoing Powell, is scheduled to be sworn in as Fed chair this Friday, May 22. But according to liberal economist Paul Krugman, Trump has placed Warsh in a very difficult position — and i...