Investors continue to shrug off the president’s threats, sending stocks to new highs. That calm could be tested going into a packed week for corporate earnings.

Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3% this year, after cutting it three times last year. Powell says the Fed wants to see how the economy responds to Trump’s sweeping tariffs on imports, which Powell says could push up inflation.

Economist Peter Schiff is calling out President Donald Trump's blatant hypocrisy on the Federal Reserve's interest rate policy, saying that his demands and behaviors mirror what he had himself condemned in the past.