Battle Over Independence Arrives at Fed's `Doorstep'

Also, CFTC's lone Democrat to leave next week; federal appeals court decision gives Atkins opportunity to revise short-selling rules

[Note to Readers: Capitol Account is on a late summer schedule, publishing Tuesday through Thursday, until Labor Day.]

President Donald Trump may or may not succeed in removing Fed Governor Lisa Cook. But the effort brings a much-anticipated standoff over the central bank’s independence – one that Jerome Powell and his colleagues have repeatedly tried to…