Why populism and leaders with a strong arm threaten the end for independence from the central bank

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TThe shelf life of Donald Trump's appointments can only be a few months – and even days in the case of Anthony Scaramucci. Few escape a collision with the American president. But Jerome Powell – Trump's choice to replace Janet Yellen as head of the US central bank – is harder to dislodge.

"If you received a phone call from the president today or tomorrow and he said: & # 39; I'm hitting you, pack it up, it's time to go & # 39; what would you do?" the Federal Reserve requested by US lawmakers on Wednesday. "Well, of course I wouldn't do that," a resolutely Powell replied. "The law clearly gives me a four-year term and I fully intend to serve it."

The scenario that was brought to Powell is not far-fetched. Trump has repeatedly …