Jerome Powell indicates more time is needed to assess tariff impact. Rising tariffs may push up prices. The Fed holds rates steady at 4.25%–4.5%. Rate cuts are not imminent. Projections suggest two potential cuts later this year. Some officials see room for a July cut. Donald Trump criticizes Powell, calling for steep rate cuts. Powell emphasizes economic resilience.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets