President Trump blasted Federal Reserve chair Jerome Powell on Thursday with the strongest suggestion yet of his intention to try to fire the nation's most powerful economic policymaker. Why it matters: Trump's attack comes after Powell said that tariffs were likely to stoke inflation and slow economic growth.

U.S. President Donald Trump said on Thursday that Federal Reserve Chair Jerome Powell's termination "cannot come fast enough," while calling for the U.S. central bank to cut interest rates, the sort of pressure that Powell just a day before had pledged to resist as the Fed grapples with an outlook complicated by Trump's own policies.