His tweet came shortly after Powell gave a speech at the Jackson Hole Economic Symposium in Wyoming.
The central banking conference comes in the wake of a flutter of worrisome economic activity worldwide.
Traders are currently pricing in about a 93 percent chance of a 25 basis point cut next month.
The stories moving the markets and shaking up the world.
On Wednesday, for the first time ever, the German government sold 30-year bonds at a negative interest rate.
Fed Chairman Jerome Powell is slated to speak at the Jackson Hole Symposium on Friday morning.
Consumers are ‘leading this economy’, but we see headwinds in business investments and exports, said Esther George.
The minutes from the policymaker's July meeting showed a split over whether to cut rates.
President Trump gave the Federal Reserve a bit too much credit on Wednesday after incorrectly asserting the US dollar was the strongest in the country's history.
The U.S. central bank does not see a "preset course" regarding interest rate changes.
'You will see some stimulus to the US economy but you're going to see maybe a retraction of bank credit,' said Apple Bank for Savings CEO.
Trump said the current interest rate is too high and that there is much growth potential for the U.S. economy.
Other sectors giving major equity averages a boost were trade-sensitive technology companies and energy corporations.
Grant Thornton chief economist Diane Swonk fears a recession in 2020 is highly probable because trade wars are "contagious."
Trump, in the first part of the series of tweets, said the economy is “very strong despite the horrendous lack of vision by Jay Powell and the Fed.”
Former Fed Chair Yellen says the president doesn't have the power to fire the current Fed Chair
Yellen called the inverted yield curve a “less good signal” of a recession on this occasion.
Despite the stock market’s recent selloff, Bullard sees no need to panic about the U.S. economy.
The downsides of central banks' negative interest rate or low-interest rate policies.
Families also saw an increase in negative net worth, which climbed to 10 percent in 2016 from 7 percent in 1989.