President Trump leveled his most pointed — though still indirect — criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank's move to raise interest rates in a bid to calm persistent inflation ↧ Trump lashes out at Fed after Warsh backs rate hike US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism ​yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank's move to raise interest rates in a bid to calm persistent inflation.