Trump's tariffs mean inflation probably won't slow anymore this year, Powell says
1. Fed's inflation forecast raised due to Trump's tariffs and economic uncertainty. 2. Powell notes tariffs slow growth and may delay inflation reduction. 3. Consumer price index shows a 2.8% inflation increase in February. 4. Interest rates held steady; two cuts projected for 2025 remain unchanged. 5. Poor consumer sentiment linked to high prices and policy changes.