The benchmark United States interest rate, which plays a large role in setting borrowing costs for mortgages, credit cards, small business and auto loans, was set at a range of 0.5 per cent to 0.75 per cent when Trump was sworn in. Treasury Secretary Steven Mnuchin recently told reporters that he had personally spoken to Trump about the central bank and that the president respects the independence of the Federal Reserve.
"I should be given some help by the Fed", Trump said.
US presidents rarely criticize the Fed, whose independence is considered essential to economic stability. Corker - like Scott a member of the Senate Banking Committee - would not divulge details of their private conversation but said he frequently brings up issues related to preserving the independence of the Fed when he meets with people like Powell.
The president's top economic advisers have repeatedly urged Trump not to attack the Fed.
This isn't the first time Trump has taken exception to the Fed's gradual interest-rate hikes.
But Kohn said it does put more pressure on Powell and other Fed officials to explain their actions and their perspectives.
Trump revokes security clearance of former Central Intelligence Agency director Brennan
Former secretary of state John Kerry accused Trump of "putting personal petty politics ahead of patriotism and national security". Trump believes that this is going to lead me to just go away and be quiet, he is very badly mistaken", Brennan said on MSNBC.
President Donald Trump is chastising the Federal Reserve chairman yet again.
"Forgetting his comments, adding fiscal stimulus this late in the cycle is. unusual, and probably makes the job more complicated for the Fed", he said.
Trump has also publicly criticized Powell several times this summer and reportedly did so again Friday at a GOP fundraiser in NY, saying he thought the chairman would support "easy money".
Almost eight in 10 economists believe the Fed's interest rate policies are "about right", according to a survey released Monday by the National Association for Business Economics.
"I don't see their (the Fed's) actions as being particularly affected by all this", he said.
Last November, Trump nominated Powell as Fed Chairman to replace Janet Yellen when her term expired in February.
The Fed has raised interest rates twice this year already and is expected to do so again next month with consumer price inflation rising to 2.9 percent in July, its highest level in six years, and unemployment at 3.9 percent, the lowest level in about 20 years.
Donald Trump's remarks are the most personal criticism of Jerome Powell's performance so far.