NPR.

This is the indicator from Planet Money. I'm Whalen Wong.

And I'm Daryan Woods.

Yesterday, the Federal Reserve decided to leave interest rates unchanged.

The bank said the labor market is still solid.

But it said there is more uncertainty about the economic outlook.

Fed Chair Jerome Powell also said that if the announced tariffs remain in place,

there's likely to be higher inflation and unemployment, plus a slowdown in growth.

Powell signaled that the Fed is in no hurry to take action. This stance is unlikely to sit well

with President Trump. He wants the Fed to cut rates. And his animus towards Powell is well known.

Take these comments in an interviewed ad over the weekend.

You know, he just doesn't like me because I think he's a total stiff.

And, you know, it's just one of those things.

These insults echoed the verbal diatrives that Trump made against Powell during his first presidency.

Today on the show, an economist and Fed

watcher tells us why Trump's attacks on the Fed chair represent a greater threat than the first time

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