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Federal Reserve official sees signs of slowing economy but not ready to cut rates

If the tariffs push up inflation, the Fed would keep rates elevated — or raise them further. But if the duties worsen the economy, the Fed would typically cut rates.

FILE – The seal of the Federal Reserve Board is seen at the Building in Washington, Saturday, Dec. 8, 2024. (AP Photo/Jose Luis Magana)
FILE – The seal of the Federal Reserve Board is seen at the Building in Washington, Saturday, Dec. 8, 2024. (AP Photo/Jose Luis Magana)
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UPDATED:

It’s not yet clear whether the central bank should cut its key interest rate.

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