DONALD TRUMP can hardly ever resist the urge to interact in name-calling. Usually his barbs are extra juvenile than consequential. However his designation of Jerome Powell, chair of the Federal Reserve, as “Mr Too Late, a significant loser” isn’t any mere insult. It could be the harbinger of an assault on the central financial institution, and it’s another reason to fret concerning the American financial system. When markets opened on April twenty first, after a protracted Easter weekend, American shares, Treasury bonds and the greenback all sharply declined—one other instance of the “promote America” commerce.
