Fed's Powell says tariffs put its goals of low inflation and a stable economy in tension. So it will 'wait for greater clarity' before cutting rates ...

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said ...

President Donald Trump’s turbulent trade war could put the Federal Reserve in a difficult situation it hasn’t seen in about half a century, Chair Jerome Powell said Wednesday.