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New Fed chair's first major interest-rate decision doesn't rock the boat — and Trump may not be happy about it
['Cortney Weil', 'Sr. Editor', 'Cortney Weil Is A Senior Editor For Blaze News.', 'Cortneyweil', 'Blazetv Staff', 'Roslyn Layton', 'Carlos Garcia']
Blaze Media
On Wednesday, the Fed announced that the interest rate would hold at between 3.5% and 3.75%, despite calls from Dallas Fed President Lorie Logan and others for a "modest" increase.
Anna Moneymaker/Getty ImagesPresident Donald Trump has pushed for years for the Fed to lower interest rates.
"Interest Rates too high!"
Trump nicknamed Powell "Too Late" and called him a "DISASTER" because of his reluctance to lower interest rates.
"Jerome 'Too Late' Powell wants to stay at the Fed because he can’t get a job anywhere else — Nobody wants him," Trump wrote in April.