WASHINGTON (Reuters) -- The U.S. central bank held interest rates steady on Wednesday, and policymakers signaled borrowing costs are still likely to fall this year, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view and said he expects "meaningful" inflation ahead from the Trump administration's tariffs.
"No one holds these ... rate paths with a great deal of conviction, and everyone would agree that they're all going to be data-dependent," Powell said in a press conference after the end of the U.S. central bank's latest two-day policy meeting.
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