Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.

Markets breathed a sigh of relief on Wednesday after the Federal Reserve kept rates steady as expected but signaled that two cuts remain on the table this year. Stocks jumped after Fed Chair Jerome Powell said the economy remains strong,

As tariffs work their way into the U.S. economy, possibly igniting an inflation headwind, President Donald Trump suggests the Federal Reserve could better manage the economy with a rate cut.