by Reuters
Kitco
WASHINGTON, May 8 (Reuters) – U.S. President Donald Trump renewed his criticism on Thursday of Federal Reserve Chair Jerome Powell, calling him a “fool” and complaining that the Fed is refusing to lower interest rates.
Trump has been on a virtual war path against Powell in recent weeks, threatening to fire him — and then backing away from that threat. He has repeatedly lashed out at Powell in posts on his social media site, calling him “a major loser” in one post.
Trump, speaking one day after the Fed, as financial markets had widely expected, kept its key borrowing rate unchanged, said cutting interest rates would be “like jet fuel” for the economy, “but he doesn’t want to do it.” He said Powell is “not in love with me.”