Bowman said on Friday she expects declining inflation to allow further interest rate cuts this year, but feels many factors could slow the process.

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop immediately.”

Federal Reserve Bank of Boston President Susan Collins said Monday there's no urgency for the central bank to lower rates right now, as new trade tariffs announced by the Trump Administration could drive up inflation pressures.

Key Takeaways The looming trade war between the U.S. and its largest trading partners is making some officials at the Federal Reserve more cautious about moving interest rates.The Fed was already in "wait and see" mode,

Donald Trump said Sunday the Federal Reserve was right to keep interest rates unchanged, a new comment that comes as Fed watchers gauge the effect the president's new tariff plans will have on monetary policy.

President Donald Trump stunned reporters on Sunday night when he praised the Federal Reserve’s decision to hit pause on its rate cuts. “I’m not surprised,” he said as he arrived in Washington aboard Air Force One.