Four meetings and six months have elapsed since the Fed last adjusted interest rates. The federal funds rate stands between 4.25% and 4.5%, preserving much of a sharp increase imp

President Donald Trump has pushed for the Federal Reserve to lower interest rates by “a full point” in order to juice the economy as inflation hovers close to its target level. But Fed Chair Jerome Powell and his central bank colleagues want to gauge the economic fallout from tariffs before making any moves.