“According to Trump, whose mind is now mushier than Gerber baby food, this is Biden in 2017 appointing Jerome Powell to be Fed chair,” one user said . Another added, “Either Trump is senile and can't remember HE was the one who appointed Powell, or he is assuming his followers will accept his obvious lie yet again.”

President Trump asked a group of Republican lawmakers how they felt about him firing Federal Reserve Chair Jerome Powell and told them he would "likely" fire Powell "soon," according to two White House officials and sources familiar with the Tuesday evening meeting.