PANews reported on April 11 that according to Jinshi, David Einhorn, founder of hedge fund Greenlight Capital, said that tariffs will force the Federal Reserve to act because Trump's higher-than-expected global tariffs shocked investors and caused the market to plummet. Einhorn is a veteran long/short stock manager who was famous for shorting Lehman Brothers before the 2008 financial crisis. He said that tariffs will "disproportionately" affect low-income people and will have inflationary effects, leading to an economic slowdown. He expects the Federal Reserve to cut interest rates by more than market expectations. "They raise prices," Einhorn said of tariffs. "If you impose tariffs, maybe suppliers have to pay part of it, maybe retailers have to pay part of it, but consumers have to pay part of it too."