The Federal Reserve opted to maintain interest rates between 4.25% and 4.5%, citing a strong labor market and stubborn inflation above the 2% target. Chairman Jerome Powell recognized potential economic uncertainties stemming from Donald Trump's tariff proposals, particularly their effects on inflation and unemployment rates. He emphasized that the current economic stability allows the Federal Reserve to monitor developments before making changes. The next Federal Reserve meeting is scheduled for June, where future policies may be further evaluated.
The Federal Reserve has decided to maintain the interest rate benchmark, reflecting a solid job market and inflation concerns, particularly with tariffs potentially impacting the economy.
Chairman Jerome Powell emphasized the uncertainty surrounding Donald Trumpâs tariff plan, noting it could lead to higher inflation and increased unemployment, complicating economic forecasts.
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