History suggests that President Donald Trump's new "Too Late" nickname for Fed Chair Jerome Powell has a strong chance of coming true. Fed leaders have been criticized as slow to act absent compelling data showing them something needs to be done.

Federal Reserve Chair Jerome Powell might win the inflation battle, the public opinion war, and still end up branded with Trump’s latest insult: “Mr. Too Late.”

President Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady — bucking calls from the president to lower borrowing