Trump heading for a brutal humiliation on Wall Street: Nobel economist

New Trump nominee about to run into buzzsaw as he runs risk of humiliation: Nobel winner

There could not be a worse time for Donald Trump’s pick to take over as chair of the Federal Reserve from Jerome Powell, with economic indicators trending towards a possible interest rate increase at a time when the president expects cuts.That is according to Nobel prize-winning economist Paul Krugman, who wrote on his Substack on Wednesday that newly-appointed Kevin Warsh may find himself as the lone vote opposing a rate increase, or leaving th…

Trump heading for a brutal humiliation on Wall Street: Nobel economist

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 p…