Trump Weighs Naming Next Fed Chair Early to Undermine Powell

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  The dollar sags on news that President Trump could name his pick to replace Fed Chair Jerome Powell almost a year before his term ends.

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  Plus, a new vaccine panel starts reexamining shot advice for kids.

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  And Ireland's pharma dominance puts it in Trump's tariff crosshairs.

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  The reason they've been making these drugs ingredients in Ireland is

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  because it's been cheap to do so.

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  This could definitely undercut the logic of that.

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  It's Thursday, June 26th.

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  I'm Luke Vargas for The Wall Street Journal.

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  And here is the AM edition of What's News,

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  the top headlines and business stories moving your world today.

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  We begin with a journal exclusive this morning

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  as we have learned that Donald Trump is considering naming the next Fed chair early in a bid to undermine current chair Jerome Powell.

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  Finance editor Alex Frankos told me that Powell has come under increasing pressure over the central bank's take-it-slow approach to cutting interest rates.

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  Basically, Trump wants...

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  Powell and the Fed board to cut rates and wants them to do it now.

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  And Powell's basically saying that's not the right thing to do.

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  Inflation is still too high.

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  The economy is still strong enough to withstand the higher rates.

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  So Trump has been railing against him and calling him names and really putting pressure on the Fed to cut rates sooner.

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  Alex, according to our reporting,

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