What do Federal Reserve leaders think about President Trump’s tariffs and how they will affect inflation? And how will they react if he imposes stiff sanctions on other countries?

Federal Reserve Bank of San Francisco President Mary Daly said policy needs to remain restrictive until there’s more progress on inflation, which she expects will continue declining over time.“At this point,

Taxes on goods the U.S. imports will affect what consumers pay, but will we see one-time price hikes or a more persistent form of inflation?

The minutes of the Fed's late January meeting come out Wednesday. The FOMC tries to steer clear of politics, but it can't help but try to figure out how tariffs will affect inflation.

A delayed rate cut could put President Trump on a "collision course” with the Federal Reserve, warned economist Nouriel Roubini.