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Trump has threatened to fire the chair of the US Federal Reserve. That could be bad news for inflation

US President-elect Donald Trump has repeatedly threatened to fire the chair of the US Federal Reserve, Jerome Powell.

Up until this week, that may have seemed like a distant and outlandish prospect. Now, we again have to take it seriously.

Powell himself certainly is - and has already begun pushing back on the front foot. Responding to the threat on Thursday, he

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