Fed Chair Jerome Powell said the shock created by President Trump's tariffs earlier this year have delayed the central bank from cutting rates, citing fears of higher inflation.

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday.

Powell says Trump's tariffs have delayed lower rates but won’t rule out July cut. The Fed chief’s comments came as the president continues to hammer the central bank for not decreasing ...

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of ...