[typescript] Why is Event.target not Element in Typescript?

Using typescript, I use a custom interface that only applies to my function. Example use case.

  handleChange(event: { target: HTMLInputElement; }) {
    this.setState({ value: event.target.value });
  }

In this case, the handleChange will receive an object with target field that is of type HTMLInputElement.

Later in my code I can use

<input type='text' value={this.state.value} onChange={this.handleChange} />

A cleaner approach would be to put the interface to a separate file.

interface HandleNameChangeInterface {
  target: HTMLInputElement;
}

then later use the following function definition:

  handleChange(event: HandleNameChangeInterface) {
    this.setState({ value: event.target.value });
  }

In my usecase, it's expressly defined that the only caller to handleChange is an HTML element type of input text.