#TrumpVsPowell

During a visit with Italian Prime Minister Giorgia Meloni in the Oval Office, President Donald Trump criticized Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates.

"I'm not happy with him," Trump told reporters, adding, "If I want him out, he’ll be out of there real fast, believe me."

The statement renewed a threat from Trump’s first term and raised the possibility of a major legal showdown over the long-standing political independence of the central bank.