Federal Reserve warns of impact of Trump tariffs as US interest rates held

The US central bank held interest rates as it said Trump tariffs have risked higher inflation and unemployment amid “so much” uncertainty. The announcement is likely to anger President Donald Trump, who has made the taxes on imports one of his signature policies and had threatened to fire the Federal Reserve chair, Jerome Powell. On Wednesday, the Federal Reserve, known as the Fed, held rates at 4.25%-4.5%. Unlike the UK, the US interest rate is a range to guide lenders rather than a single percentage. Money blog: Dynamic pricing coming to UK restaurants It means borrowing costs have remained unchanged…