Trump: Federal Reserve’s Powell ‘Major Loser’

President Donald Trump on Monday said any “slowing of the economy” would be the result of Federal Reserve Chair Jerome Powell’s refusal to lower interest rates.

Trump has been calling on Powell to lower interest rates, and even suggested removing the chairman from his position.

Powell has downplayed the likelihood of cutting interest rates in the near future and said recently that the administration’s tariff plans were likely to raise both inflation and unemployment.