Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year
1. Powell cites tariffs as reason for not cutting interest rates. 2. Inflation forecasts have increased due to tariffs, prompting Fed caution. 3. U.S. economy remains strong, with inflation close to Fed's 2% goal. 4. Higher inflation readings expected as tariff costs impact supply chains. 5. Trump criticizes Fed for not lowering interest rates sooner.