Fed up; Trump express his anger with Fed Chair Powell

Early Friday morning President Donald Trump on Truth Social on Friday: Jerome “Too Late” Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!

The anxiety of President Trump comes after the U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s comments after the decision undercut confidence that borrowing costs would begin to fall in September.

Trump and Powell battle is ongoing and very clear to the public when Powell said Wednesday that the Fed is focused on controlling inflation – not on government borrowing or home mortgage costs that Trump wants lowered. Powell also added that the risk of rising price pressures from the administration’s trade and other policies remains too high for the central bank to begin loosening its “modestly restrictive” grip on the economy until more information is collected.