President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the U.

Criticism from Donald Trump towards Fed Chair Jerome Powell is intensifying. Trump called the Federal Reserve chair a "major loser" on Truth Social and warned that the U.S. economy might slow down if interest rates are not immediately lowered.

Federal Reserve Chair Jerome Powell’s firing likely isn’t imminent. But scapegoating Powell for an economic downturn could be, with troubling consequences.