Jerome Powell maintains the Federal Reserve will hold its key rate. This is while assessing President Donald Trump's tariffs impact. Trump criticizes Powell for not cutting rates. He says it would save taxpayers money. Trump also attacks the entire Fed board. He blames them for inaction. The Fed has kept rates steady this year., The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s policies would affect the economy, even as divisions between officials , Federal Reserve Chair Jerome Powell kept his options open when he said steady economic activity was giving the central bank time to study the effects that tariff increases have on prices and , Federal Reserve Chair Jerome Powell told Congress the central bank can afford to wait and see how President Donald Trump's tariffs affect the economy before deciding whether or not to cut , Despite pressure from the Oval Office, Fed Chairman Jerome Powell has said time and again that he is adopting a wait-and-see approach before deciding upon the path the FOMC will take toward, Despite intensifying political pressure and potentially reduced risks of an oil price spike following Monday’s now-wobbly Israel-Iran ceasefire, Federal Reserve Chair Jerome Powell is standing by.