President Trump on Wednesday said he might call Federal Reserve chair Jerome Powell to press for an interest rate cut. Why it matters: Financial markets slumped when they feared Trump might fire Powell and threaten the Fed's independence,

Changing out the Federal Reserve chair doesn't guarantee rate cuts for President Donald Trump, according to Wall Street economists.

President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU economist.