History suggests that President Donald Trump's new "Too Late" nickname for Fed Chair Jerome Powell has a strong chance of coming true. Fed leaders have been criticized as slow to act absent compelling data showing them something needs to be done.

Federal Reserve Chair Jerome Powell might win the inflation battle, the public opinion war, and still end up branded with Trump’s latest insult: “Mr. Too Late.”

President Trump resumed his attacks on Federal Reserve Chairman Jerome Powell, saying the central bank boss 'doesn’t have a clue' a day after the central bank left rates unchanged and Powell urged patience on monetary policy.