As Fed Holds Rates Steady, Powell Says Next Step Is ‘Not at All Clear’

The central bank stuck to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.

May 8, 2025 - 07:00
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As Fed Holds Rates Steady, Powell Says Next Step Is ‘Not at All Clear’
The central bank stuck to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.