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The Weekly Fix: The Fed and Trump Administration Face Off

Jerome Powell, chairman of the U.S. Federal Reserve, right, and Steven Mnuchin, U.S. Treasury Secretary.

Jerome Powell, chairman of the U.S. Federal Reserve, right, and Steven Mnuchin, U.S. Treasury Secretary.

Photographer: Drew Angerer/Getty Images North America.

Welcome to the Weekly Fix, the newsletter that's relieved after all those Senate hearings on Judy Shelton's nomination to the Fed, we finally have cloture. -- Emily Barrett, Asia FX/Rates Editor.

The Fed chief says it’s too soon put away its emergency tools to help markets and the economy. Now it looks like the Trump Administration will confiscate some of them.