Fed Reserve chairman, Ken Warsh, a Donald Trump appointee, had conceded that inflation was indeed high, but his hope was that inflation would find its own way down. But given the slow recovery in the economy after Covid, inflation was high and Powell declared the main objective of the Fed Reserve is to tame inflation. He however seems to believes that Fed Reserve should not interfere and that inflation needs to auto-correct as it were. Had Trump succeeded in fiddling with interest rates, American economy would plunge American economy into greater volatility. Interest rates and inflation are too important to be handed over to a mercurial president like Trump.