Soaring inflation shatters dreams of interest rate cuts, how will the next Federal Reserve chair report to Trump?

Federal Reserve Chairman Jerome Powell is facing strong criticism from Trump, especially after the market turmoil caused by the Iran war. Powell's hopes for interest rate cuts have been dashed by soaring oil prices, with the inflation rate rising to 3.3% in March. Newly nominated Kevin Warsh may face even greater pressure, as the market no longer generally expects interest rate cuts this year. Overall price stability had already deteriorated before the war, and the practice of cutting interest rates to stimulate the economy is seen as taboo for the central bank under the current circumstances