In his first term, President Donald Trump toyed with ousting Jerome Powell out of anger that the Federal Reserve chair was moving too slowly to cut interest rates. Trump refrained from doing so, but continued to publicly attack Powell and his colleagues for keeping borrowing costs too high.

President Donald Trump said he had “no intention” of firing Federal Reserve Chair Jerome Powell on Tuesday.

President Trump has angrily criticized Fed Chairman Powell for being slow to cut interest rates, but Trump's policies have made that a tougher move.