Trump zeroes in on Fed, setting up potential fight with Powell

President Trump is zeroing in on the Federal Reserve and setting up a fight with its leader, Jerome Powell.

The president is eager for the Fed to speed up planned interest rate cuts and ease pressure on the economy amid deepening concern about his trade agenda. The Fed, in turn, is preparing for a potential price shock driven by Trump’s tariffs, which would delay any rate cuts, even if the economy weakens.

Trump has shown so far only mild annoyance with the Fed. While he badgered...