Fed policymakers are alternately referred to as inflation-fighting “hawks” or labor-market defending “doves.” Right now, Chair Jerome Powell looks more like a duck—calm on the surface while constantly paddling beneath murky waters. His last year as chair brings twin challenges: Navigate a trade war that threatens to push prices up while weakening the economy. And preserve the institution’s apolitical DNA that protects its autonomy in setting interest rates. https://www.wsj.com/economy/central-banking/jerome-powell-federal-reserve-trump-administration-723069d1?st=UdmYRg&reflink=desktopwebshare_permalink