Fed signals it's not planning to lower rates

Federal Reserve policymakers worry Trump's trade policy could deal a blow to economic growth, but are signaling they won't be quick to ride to the rescue with interest rate cuts because they expect increased tariffs to boost inflation. Fed officials pointed to the risk of stagflation at their meeting last month, a scenario in which economic growth slows even as inflation remains stubbornly high.

Almost all Fed officials viewed "risks to inflation as tilted to the upside and risks to employment as tilted to the downside," according to the minutes of the March 18-19 Federal Open Market Committee meeting. agencies


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