Speaking in recent remarks, Trump claimed there is near-universal agreement that rates should be lowered, citing economic headwinds and growing pressure from both markets and the public. But he warned that Powell\u2014whom he mockingly referred to as \u201cToo Late Powell\u201d\u2014is likely to mishandle the timing, just as he had done in past cycles.<\/p>\n
Trump has maintained a longstanding feud with the central bank chief, previously stating that Powell should be \u201cremoved from office immediately.\u201d<\/p>\n
Although he briefly toned down his rhetoric during a period of market volatility in April, the president has once again turned up the heat, this time following the Fed\u2019s decision to hold rates steady.<\/p>\n