Trump against Fed chief, 'he's with Biden, I'll replace him' - Breaking news. Donald Trump has lashed out at the head of the Federal Reserve, Jerome Powell, accusing him of "favoring the Democrats" It was the tycoon himself who appointed him to lead the US Central Bank in 2017.
"I think he will lower interest rates to help the Democrats," Trump declared in an interview with Fox News broadcast on Sunday. 'I wouldn't do it again,' he said.