Fact checked by Stella Osoba As President Donald Trump escalated attacks during his second administration on U.S. Federal Reserve Chair Jerome H. Powell—calling him a "major loser" and suggesting his "termination cannot come fast enough"—the Fed chair's role has become as politically charged as it is financially consequential for everyday

Powell is not going to do anything,” Siegel said in an interview. “Trump, I think, is going to step up the escalation,” he said later.