Federal Reserve Chair Powell cites tariff uncertainty in holding interest rates steady

The Federal Reserve holds interest rates steady. Chair Jerome Powell says there still is too much uncertainty in how Trump Administration policies, especially tariffs, will affect the economy, inflation and job growth; Treasury Secretary Scott Bessent testifies before a House committee about his meeting this weekend with Chinese officials on tariffs and trade; more Trump Administration officials go before House Appropriations Subcommittee about their agencies' budgets, including Energy Secretary Chris Wright, FEMA Acting Administrator Cameron Hamilton and FBI Director Kash Patel; Attorney General Pam Bondi announces the arrest of over 200 alleged child sex predators; Rep. Elise Stefanik (R-NY) questions the President of Haverford College at a hearing on college antisemitism; Vice President JD Vance says Russia is "asking for too much" in peace negotiations with Ukraine; former President Joe Biden talks about war in Ukraine in a BBC Radio interview, his first since leaving office; black smoke comes out the chimney on the Sistine Chapel at The Vatican, meaning no pope elected on the first ballot of the Conclave. Learn more about your ad choices. Visit megaphone.fm/adchoices