Federal Reserve Chair Jerome Powell made one thing certain during his closely watched speech in Jackson Hole, Wyo., on Friday: Inflation is still too high. “It is the Fed’s job to bring ...

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.

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Jerome Powell says Fed is resolved to fight inflation even if it brings economic pain Updated August 26, 2022 4:02 PM ET Originally published August 26, 2022 11:20 AM ET Scott Horsley

The president's feud with Jerome Powell continued with Trump lashing out against the Federal Reserve chairman in posts on Truth Social.

Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.

Economists expect the Consumer Price Index, to be released at 8:30 a.m., to show that the annual rate of so-called core inflation edged up to 3 percent in June as businesses started to pass some of the $100 billion collected in import taxes along to consumers.

The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.