Demand for interest rate cuts unsuccessful, Trump again accuses Powell of being a "bad Federal Reserve Chairman."

On July 31st local time, President Trump criticized Powell, calling him a terrible Chairman of the Federal Reserve, and stating that appointing Powell as Chairman was a mistake. The Federal Reserve Board of Governors announced on the 30th the end of a two-day monetary policy meeting, maintaining the federal funds rate target range between 4.25% and 4.50%. This is the fifth consecutive decision by the Federal Reserve to keep rates unchanged, in line with market expectations.