A war of words over inflation and tariffs won't magically make interest rates tumble in the weeks ahead. And that's true even after President Donald Trump turned to his trademark name-calling by dubbing the Federal Reserve chairman a "major loser.

(Reuters) -U.S. President Donald Trump on Wednesday appeared to suggest he knew more about interest rates than Federal Reserve Chairman Jerome Powell and that rates should be cut. "Mortgage rates are actually down slightly even though I have a guy in the Fed that I'm not a huge fan of," Trump said at a White House event.

President Donald Trump may have no intention of letting Federal Reserve Chair Jerome Powell go, but that doesn’t mean he’ll let up on the criticism. The president still wants lower interest rates, but the Fed is pretty much stuck, and data released Wednesday isn’t making the central bank’s job any easier.