The Federal Reserve is currently navigating a complex landscape of interest rate decisions, influenced by rising inflation and external pressures, particularly from President Trump who has been vocal about his desire for aggressive rate cuts. Recent discussions within the Fed reveal significant internal divisions regarding the pace and timing of any potential cuts, especially as the outlook for inflation remains hazy, compounded by uncertainty surrounding tariffs. While some officials express caution and suggest that any rate cuts may be delayed, there are indications that a majority anticipate action could be necessary in the coming years. The White House is intensifying its pressure on Fed Chair Jerome Powell just weeks before the next policy decision, complicating the decision-making process. Wall Street is also divided, reflecting concerns over how tariffs are affecting economic conditions and inflation expectations. As discussions continue, many Fed officials emphasize the risks that ongoing tariffs could lead to persistent inflation, which may inhibit the possibility of rate cuts in the near future.