Trump picks political ally for Fed board in escalating tiff with the central bank
(WorldNews Business)

It looks like a textbook example of political meddling with a central bank in an emerging market, except it´s happening in the US. President Donald Trump on Friday said he´s nominating former campaign adviser Stephen Moore to be a governor of the Federal Reserve -- potentially putting a political loyalist in lockstep with Trump´s view on juicing the economy into the middle of Fed deliberations heading into the 2020 election. Trump has gone from heckling Fed chairman Jerome Powell on Twitter to trying to give one of his allies a hand on the levers of US monetary policy. That´s a shift by the president, who´d previously opted for Republican establishment Fed picks including Mr Powell, vice...