Trump and his supporters continue to barrage the Federal Reserve, but the Federal Reserve insists that the impact of tariffs on inflation is uncertain, and that we should continue to wait.

Recent comments by Trump and his supporters 1. Trump - we must fight this guy Powell; Powell will harm our country for the next few years; the US should keep interest rates at 1% or 2%, Powell is terrible, he artificially raises interest rates; Powell and his entire committee must be held accountable; Congress should investigate Powell, he has been complaining like a baby about nonexistent inflation for months, interest rates should be cut immediately. 2. US government officials - Treasury Secretary Benson: will start looking for Powell's successor in the coming weeks and months. The Fed will definitely cut interest rates by September at the latest; Deputy Treasury Secretary Falken: hopes Powell follows "tradition" and leaves the Fed completely when his term ends next year; The US Federal Housing Finance Agency calls on Congress to investigate Powell, Trump retweeted the report and said Powell should resign immediately; White House trade advisor Navarro: the Fed board should consider overturning Powell's views; A senior official in the Trump administration said Powell has seriously mishandled the management of the Fed, accusing Powell of not trying to correct the Fed's financial situation but instead enthusiastically renovating the Fed headquarters. 3. Candidates for Fed Chair - Former Fed Board Member Wash: the Fed should cut rates to a lower level. Trump's tariffs will not cause inflation; Fed Board Member Wall supports the rate cut in July and says it is not political. The impact of tariffs is not zero, but not significant; US National Economic Council Director Hassett hinted that the current Fed is not independent. The Fed has not explained the reasons for its policy mistakes, Trump is concerned about the Fed's "lack of transparency". Statements from Fed officials and Powell 1. Powell - tariffs bring uncertainty, delaying the rate cut. Expects higher inflation levels during the summer, wise to wait and gather more information. Powell also responded to Trump's attacks, saying he is very focused on doing his job well. 2. Other officials - Fed's Moulasim: the impact of tariffs may not fully manifest until later this year or early next year; Fed's Daly: expects two rate cuts this year, considering cutting rates in the fall, impact of tariffs may be weaker than expected; Fed's Gulsby: Trump's early announcement of Powell's successor will not affect the FOMC. There has been potential confusion and uncertainty since the announcement of the tariff policy, and the Fed needs to address these issues.