The Federal Reserve has maintained its key interest rates as it grapples with growing uncertainties related to tariffs, particularly those imposed by the Trump administration. In its recent meeting, the Fed cut its growth forecasts for the US economy, acknowledging that tariffs are contributing to rising inflation. Fed Chair Jerome Powell emphasized that these tariffs are partially to blame for the increased prices and warned of potential delays in achieving lower inflation. Despite these challenges, the Fed is keeping the door open for future rate cuts, although it has decided to hold rates steady for now, with projections of a slowdown in growth and a temporary inflation spike.