President Donald Trump says the Federal Reserve would be better off cutting rates “as U.S. tariffs start to transition (ease!) their way into the economy.”
His admonition came Wednesday, after the Fed kept interest rates unchanged while the central bank and investors continue to assess how Trump’s tariff policies might affect economic growth.
The Fed also forecast slower economic growth and higher inflation. There was substantial disagreement among policymakers about the appropriate path of policy, pointing to uncertainty among members over how to handle the effects of the Trump administration’s policies.
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