'Cut interest rates, Jerome, and stop playing politics!' pressures Donald Trump - Why?

Powell warns tariffs may fuel inflation, complicating Fed’s 2% target.Crypto stocks rebound slightly as the market shows early signs of recovery.As Wall Street faced a second consecutive day of turmoil on the 4th of April, Federal Reserve Chair Jerome Powell struck a cautious tone.He warned that the Trump administration’s push for “reciprocal tariffs” could throw a wrench into the U.S. economy’s recovery path.Powell warns of rising inflation Speaking at a public conference, Powell flagged the potential for rising inflation and slowing growth—just as the Fed’s earlier rate cuts had suggested signs of a soft landing. With inflationary pressures now possibly accelerating in the quarters ahead, Powell hinted that the central bank’s 2% inflation target could become harder to sustain in an increasingly uncertain policy landscape.Powell said,“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.”Trump...