The US central bank has cut its growth forecast as it warned President Donald Trump’s tariffs were “clearly” driving up prices.
The Federal Reserve released its projections for the world’s largest economy on Wednesday while keeping interest rates unchanged again, saying it wanted to see how the White House policies unfold.
That decision, which was widely expected, kept the Federal Reserve’s benchmark interest rate hovering around 4.3%, where it has stood since December.
After the announcement, Trump, who has previously criticised the central bank, called on it to cut rates.