Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again

Source: Business Insider

Jerome Powell faces renewed attacks from Trump, who called him a "moron" after the Fed held rates steady. Chip Somodevilla/Getty ImagesTrump called Fed Chair Jerome Powell a "moron" after the central bank held rates steady once again. The president has consistently pressured Powell to cut interest rates since taking office in January.