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.

Fed Chair Jerome Powell said Wednesday that he has never asked for a meeting with any U.S. president—and never would. “There's never a reason for me to ask for a meeting. It's always been the other way,

President Donald Trump has relentlessly attacked Fed Chairman Jerome Powell since he retook office, most recently calling him a “fool” Thursday morning after the Fed chose to hold interest rates steady the day prior.