President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Thursday morning for failing to heed calls to lower interest rates. 

Powell held short-term interest rates steady on Wednesday at 4.25% to 4.50%, despite intense pressure from the White House to lower them, as Trump believes doing so will fuel the economy. The Fed’s decision marks the fifth time Powell has bucked the president on the matter this year, after the central bank declined to lower rates during its January, March, May, and June meetings.