The patience reflects the fact that the Fed is grappling with a trade war as inflation consistently remains above the central bank’s 2 percent target. The last time the Fed acte

If President Donald Trump’s large tariffs remain in place for some time, the economy is likely to slow to a crawl, Federal Reserve governor Chris Waller said Monday. As a result, interest-rate cuts would be warranted,

Fed officials maintain a cautious stance on rate cuts amid trade-related inflation risks and market volatility.