President Trump escalated his criticism of Federal Reserve Chairman Jerome Powell a day after the central bank kept rates on hold, saying in a social media post that Powell is 'TOO ANGRY, TOO STUPID,

U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. "Jerome “Too Late” Powell has done it again!

The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the job market could suffer.