The Fed keeps cutting interest rates, even though inflation is still lingering out there. Why?

We just got the November inflation report and it doesn’t show the CPI trending to 2%.

The consumer price index ticked up in November. We sometimes worry that if Powell keeps cutting rates, we may be in danger of retracing the path from the late 1970s.  Donald Trump likes low interest rates, but the last thing he needs is another blast of inflation to wreck the economy.