Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing interest rates.

Trump's former commerce secretary, Wilbur Ross, tells Fortune that President Trump has given the Fed an unwinnable dilemma.

The Fed cited the economy’s resilience as part of its motivation for maintaining rates.

The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House.

Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing interest rates.

Trump’s scathing comments came a day after the Federal Reserve decided to keep interest rates where they are.