What does the Fed really think about Trump tariffs and inflation? We’re about to get more clues. - MarketWatch

1. Fed officials closely monitor Trump's tariff proposals for inflation impacts. 2. Interest rate cuts are currently on hold amid rising inflation concerns. 3. Uncertainty around Trump's actions complicates monetary policy decisions for the Fed. 4. Past Fed responses to geopolitical events show they prioritize immediate economic conditions. 5. Fed's independence is emphasized; Trump’s influence deemed insufficient for policy changes.