Powell’s Global Peers to Cheer for Fed in Rebuke to Trump

Central bankers gathering in Jackson Hole, Wyoming this week for the Federal Reserve’s annual conference are prepared to go beyond swapping research papers and savoring mountain views — they’re coming to defend Jerome Powell.

The Fed chair is facing relentless attacks from President Donald Trump for refusing to cut interest rates. Trump has also pledged to replace Powell next year when his term as chair expires with someone more compliant. And this week the president escalated his attacks by demanding the resignation of Fed Governor Lisa Cook after the administration accused herof mortgage fraud.

The offensive has rattled ...