Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Donald Trump again complained about Jerome Powell, this time a day after Powell announced the Federal Reserve would hold interest rates steady ( Copyright 2025 The Associated Press. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD,” he added. Trump’s latest attack on the Federal Reserve chair comes roughly 18 hours after the bank’s Open Market Committee voted 10-2 to hold rates steady after three consecutive months of slashing rates. “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” he said.