The central bank held steady on rates, keeping them at a range of 4.25% to 4.5%, but highlighted rising inflation risk.

Powell and other ... the founder of Inflation Insights, said in a client note. Inflation expectations had been increasing even before the bulk of Trump’s tariffs took effect.

Fed Chair Jerome Powell said that the current announced levels of tariffs could lead to a slowdown in economic growth and a potential rise in long-term inflation. "If the large increases in ...

What Bloomberg Economics Says: “Why is consumer price inflation so moderate even though the costs of tariffs have been ... speak include Fed Chair Jerome Powell on Thursday.

Read: Powell is about to defy Trump ... “Why is consumer price inflation so moderate even though the costs of tariffs have been borne mostly by the US side? We think it’s because demand ...