A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.

Federal Reserve Chair Jerome Powell made one thing certain during his closely watched speech in Jackson Hole, Wyo., on Friday: Inflation is still too high. “It is the Fed’s job to bring ...

Jerome Powell says Fed is resolved to fight inflation even if it brings economic pain Updated August 26, 2022 4:02 PM ET Originally published August 26, 2022 11:20 AM ET Scott Horsley

Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.

Financial news has been breaking fast and furious, thanks to President Trump. Over the past week, he has: Escalated threats of sharply higher tariffs on major trading partners that don’t cut trade deals with him by the end of the month.

Economists expect the Consumer Price Index, to be released at 8:30 a.m., to show that the annual rate of so-called core inflation edged up to 3 percent in June as businesses started to pass some of the $100 billion collected in import taxes along to consumers.

The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."