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.