The credibility of the US Federal Reserve, the world's most powerful financial institution, is at risk

The credibility of the US Federal Reserve, the world's most powerful financial institution, is at risk
The Fed faces a challenging period. Inflation has remained above its 2% target for five years, Donald Trump has attacked its independence and Kevin Warsh's tenure as chair has started turbulently. His speech in Jackson Hole on August 28 is shaping up to be crucial.