Powell Keeps Congress Onside, Trump Aides Keep Job Threat Alive

Under relentless attack from President Donald Trump, Jerome Powell needs all the allies he can get — and he has plenty in Congress, including among Republicans who show little appetite for ditching the Federal Reserve chief.

Collectively, GOP lawmakers have endorsed almost every other economic idea that second-term Trump has put forward. But in interviews, several of them — including some who criticize aspects of Powell’s track record — expressed backing for his overall performance and for the wider principle that central bankers should be shielded from political interference.

“He’s done quite admirably, considering what he’s faced,” said Oklahoma ...