Though Powell didn’t mention Trump during his talk with reporters, the shadow of the president and his preferred policies loomed large over the meeting.He also said that a third rate cut “is not a foregone conclusion … Policy is not on a preset course” when the group meets in December, likely setting up another showdown for dissension. As well, it was announced that December 1 would mark the end of the Fed’s balance sheet run-off — which could signal a nod toward liquidity and the quantitative easing that T ...