#FOMCMeeting The Federal Open Market Committee stated that they want to see how the economy reacts to Trump's tariffs before taking any political action.

Tariffs pose a double threat to the dual mandate of the Fed to support low inflation and high employment: not only can import taxes raise prices, but they can also harm the economy, potentially increasing unemployment. If inflation proves to be a greater threat, the Fed may hold interest rates high for an extended period, or alternatively, may lower rates to save the economy if the labor market starts to deteriorate.