Fact checked by Stella Osoba As President Donald Trump escalated attacks during his second administration on U.S. Federal Reserve Chair Jerome H. Powell—calling him a "major loser" and suggesting his "termination cannot come fast enough"—the Fed chair's role has become as politically charged as it is financially consequential for everyday

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.