US Fed chair's biggest problem will be staying out of Trump's shadow | Kenneth Rogoff

Jerome Powell is a sane and sober choice to succeed Janet Yellen – but he must uphold the Federal Reserve’s independenceWith the appointment of Jerome Powell as the next chair of the United States Federal Reserve, Donald Trump has made perhaps the most important single decision of his presidency. It is a sane and sober choice that heralds short-term continuity in Fed interest rate policy, and perhaps a simpler and cleaner approach to regulatory policy.Although Powell is not a PhD eco