Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again
1. Trump criticized Powell for maintaining interest rates amidst inflation concerns. 2. Calls for the Fed board to exert control over rate decisions were made. 3. Powell warned against premature rate cuts that could reignite inflation. 4. Two Fed governors pushed for rate cuts but majority supported current stance. 5. Trump's frustration reflects political pressure on the Fed affecting market sentiment.