The president's denunciation came even though earlier this month he said he did not plan to fire the central bank chief, despite persistent criticism of the Fed's pace of interest rate cuts. Uncertainty around Powell's fate jolted markets, compounding investor fears about Trump's tariff plans.
President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.
"Inflation is basically down and interest rates came down despite the fact that I have a Fed person who's not really doing a good job," Trump said at a rally just outside of Detroit, Michigan.
