Jerome Powell goes against Donald Trump, warns tariffs could stoke inflation flames, signals Fed will hit pause on rate moves until economic dust settles

Jerome Powell warns that Trump’s tariffs could drive inflation higher and slow economic growth. The Federal Reserve is holding off on interest rate changes until the economic impact becomes clear. Powell emphasized the need to keep inflation in check, despite Trump’s push for rate cuts. Wall Street has reacted with a selloff, and uncertainty looms. Powell reassured that while the U.S. economy remains strong, consumer concerns about rising prices are growing. The Fed is committed to monitoring inflation...