President Donald Trump is once again turning up the heat on the Federal Reserve, urging Chair Jerome Powell to cut interest rates more aggressively. His promise? To bring back the ultra-low mortgage rates that defined earlier eras. But there’s a catch: the president can’t actually control the Fed. 🔑 Key Points: Trump publicly criticized Powell for not lowering rates fast enough, citing rate cuts by the European Central Bank. He declared he would “demand” rate reductions—but the Fed’s independence means his demands have no legal weight. Even if rates are cut, mortgage rates may not follow in kind. In a recent Truth Social post, Trump said the Fed should have acted “long ago.” He pointed to seven ECB rate cuts over the past year, contrasting them with the Fed’s three in 2024. And with inflation concerns fueled by tariffs, Powell’s latest comments suggest more caution than haste. 🧩 Tariffs, Inflation, and the Fed’s Dilemma During a speech at The Economic Club…