Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for the moment.

Trump said cutting interest rates would be "like jet fuel" for the economy "but he doesn't want to do it." He said Powell is "not in love with me." The Fed this week kept short-term borrowing costs in the 4.

The Fed has left it's key interest rate unchanged for three consecutive meetings, with Chair Jerome Powell citing economic uncertainty.