US president asks whether he can ‘appoint myself’ at the central bank hours ahead of policy decision

In the latest in a series of attacks on Powell, Trump said the Fed's key borrowing rate should be at least 2 percentage points lower.

US president asks whether he can ‘appoint myself’ at the central bank hours ahead of policy decision

The US president sparked market concern earlier this year when he suggested the central bank chief’s termination could not come fast enough.

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate hold

The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.