Tensions are escalating between the White House and the Federal Reserve, with consumers seemingly caught in the crossfire.

President Donald Trump ripped Federal Reserve Chair Jerome Powell as a "numbskull" as he turned up the heat on the central bank chief to lower interest rates.

President calls Federal Reserve chair a ‘numbskull’ for not reducing US borrowing costs

Tensions are escalating between the White House and the Federal Reserve, with consumers seemingly caught in the crossfire.

US president attacks ‘numbskull’ Jerome Powell for failing to cut rates

Fed officials are expected to hold interest rates steady at their two-day policy meeting next week.