Tim Wallace: Donald Trump wants to sack his ‘loser’ Federal Reserve chief – here’s why America could pay the price

Donald Trump is not known for his subtlety − and there has been nothing subtle about his approach to Jerome Powell, the chairman of the Federal Reserve. The US president has taken to Truth Social, his social media platform, to brand Powell “a major loser” and “Mr Too Late”, claiming he is taking too long to lower interest rates..