Cream butter and sugar until light and fluffy.
Mix in egg, vanilla, and almond extract until combined.
Whisk flour, almond flour, baking powder, and salt, then mix into butter mixture to form dough.
Chill dough for 30–45 minutes until firm.
Roll dough and cut cookies, cutting centers from half of them.
Bake at 350°F (175°C) for 10–12 minutes until lightly golden.
Cool cookies completely before assembling.
Spread cherry jam on whole cookies and top with cut-out cookies.
Dust tops with powdered sugar before serving.