Despite mounting pressure from President Donald Trump, Federal Reserve Chair Jerome Powell has maintained that it’s prudent to wait for more economic data before easing interest rates. Powell admitted this week that if it weren't for Trump's tariffs,

The president has been angry with Powell over the U.S. central bank's hesitance to succumb to his demand for lowering interest rates.

The Fed Chair on Tuesday reiterated the central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates.