By stubbornly refusing to lower interest rates despite ample data urging him to do so, Fed Chairman Jerome Powell is committing his third major policy blunder in six years. If he continues this tight-money path through the July 29 Fed meeting, “Too Late” Powell will go down as the worst Fed chair in history.

In the latest escalation in the feud between President Donald Trump and Fed Chair Jerome Powell, the president called for Powell to "resign immediately."