Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.

The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,

The Federal Reserve chairman says he still does not know how much of an impact President Donald Trump’s tariffs will have on inflation and the economy.

U.S. Federal Reserve Chair Jerome Powell resumes two days of Congressional testimony on Wednesday when he appears before the Senate Banking committee after scrutiny before a House panel the day before that focused on the Fed's concerns the Trump administration's tariff plans will raise inflation.

Ahead of Fed Chair Jerome Powell's Congressional testimony, here's a roundup of what his colleagues at the central bank have said, courtesy of JPMorgan. What's notable is that two voters expressed support for a cut as early as July while another,

Two Fed members earlier this week appeared to break with Powell, suggesting a rate cut would be appropriate as soon as the central bank's July meeting.