President Trump continues to blast Federal Reserve Chairman Jerome Powell. Upset with the Fed’s decision not to aggressively lower the central bank’s key short-term interest rate, the president is unleashing a flurry of criticism. Last week he threatened to fire the chairman and he began this week by calling Powell a “major loser.” The president […]
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Trump calls Fed Chairman Powell a “major loser”
President Trump continues to blast Federal Reserve Chairman Jerome Powell. Upset with the Fed’s decision not to aggressively lower the central bank’s key short-term interest rate, the president is unleashing a flurry of criticism. Last week he threatened to fire the chairman and he began this week by calling Powell a “major loser.” The president claimed online there is “virtually no inflation,” but overall inflation remains above the Fed’s 2 percent target.