It’s July, 2020. The stock market is crashing as the result of Trump’s latest gambit in the trade war. Normally, investors would be looking to the president for reassurance, but in this case, Trump is responsible for the instability, and no one believes a word he says, anyway.
Enter Jerome Powell, who promises to do anything necessary to avoid a financial meltdown. The markets regain confidence, and a crisis is averted.
And so, a man who is the target of endless baseless complaints from President Trump manages to save his presidency. It could happen. If it does, don’t expect any gratitude.