President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief. “I haven’t called him. I might call him,

WASHINGTON—President Trump said this week that he never had any plans to fire Federal Reserve Chair Jerome Powell, accusing the media of pushing a false narrative that he was out to get the central bank chief.

The president’s about-face on the central bank chief, following advice from his treasury and commerce secretaries, sent markets surging.