U.S. central bank minutes reveal concerns over rising prices and slowing job growth
Powell said the tariffs are “significantly larger than expected” and that their inflationary effect could be "persistent”
Consumer spending rose 0.4% in February, though the gain was just 0.1% after adjusting for inflation
Two rate cuts expected in 2025 as growth slows
U.S. central bank officials expected to keep policy rate steady this week
The consumer price index increased 2.8% in February relative to one year ago
Powell said the Fed is 'well positioned to wait for greater clarity' from Trump administration
U.S. President said he still plans to impose “reciprocal” tariffs starting on April 2
Inflationary effects of potential tariffs, mass deportations, have reduced rate expectations this year
Fed will continue to "make our decisions based on what’s happening in the economy," he tells House committee