Donald Trump’s escalating battle with the US Fed headed for a showdown

News Snapshot:

US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America's central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a "major loser" and demanding interest rates be cut immediately, in a re-run of his first term tirade against the head of the world's most powerful central bank. His attacks follow comments from Powell last week over the new administration's tariff policies. "These are very fundamental policy changes," Mr Powell told the Economic Club of Chicago. "There isn't a modern...