Powell’s Fed is backed into a bit of a corner. Its dual mandate is low unemployment and inflation, two often competing goals. Raising interest rates can slow inflation but increase job losses, while cutting interest rates can increase hiring but risk faster inflation.

Donald Trump has Federal Reserve Chair Jerome Powell in his sights… and that has markets rattled again. Late last week, White House economic adviser Kevin Hassett said that the U.S. president and his team continued to assess if they could oust the central bank boss.