Trump: dissatisfied with Powell Powell: Tariffs cause inflation to rise Trump: I think Powell didn't do a good job Powell: If there were no new tariffs, inflation in the United States would have already started to decline. Trump: Powell is too late. He is always too late, too slow. Powell: Tariffs have filled inflation and the economy with uncertainty, as the uncertainty of tariffs and the new government has led to uncertainty for the Federal Reserve. Trump: If I want Powell to step down, he will leave there soon Powell: The law does not allow the president to dismiss Federal Reserve officials, and I will use my last penny to fight back