Trump just got fresh fuel in his fight against the Fed

Anna Moneymaker via Getty Images; Drew Angerer via Getty Images

• Trump used Wednesday's ADP report as a fresh excuse to pressure the Fed to lower interest rates.
• Private payrolls were much weaker than expected ahead of Friday's key labor report.
• Forecasters say it'll be hard to justify rate cuts with the inflationary impact of tariffs still uncertain.

"Too Late Powell" is in the president's crosshairs again.

That's the nickname Donald Trump has given to Federal Reserve Chairman Jerome Powell...