Fed Chair Jerome Powell rebuffs Trump's push to cut rates, warns tariffs will likely push inflation higher
1. Powell rebuffs Trump's call to cut interest rates amid tariff concerns. 2. Tariffs likely to increase inflation and slow economic growth, says Powell. 3. Investors are pricing in multiple rate cuts due to tariff announcements. 4. Current inflation rate is at 2.8%, above Fed's target but moderating. 5. Powell emphasizes the need for caution before any monetary policy changes.