The main bank in the US did not change the price of money. They said jobs might go down and prices might go up. This makes it hard for the bank.

The Fed did not change the rate. Some people think the Fed will make the rate lower. But new taxes make the future hard to know for the U.S. economy and the Fed.

Powell said the taxes made people and companies feel less good. But the economy is not hurt a lot yet. He said the Fed does not know what to do because things are not clear.

Powell said if prices go up a lot, things will cost more. The economy might not grow fast, and some people might not have jobs. He said these problems might be short or long.

When people buy a lot, prices go up. When the economy is not good, people lose jobs.

Sometimes, people lose their jobs and prices go up. This is a problem. It happened in the 1970s.

Some experts say Trump's taxes on imports can cause problems. Prices can go up because imported things cost more. Jobs can be lost because companies pay more.

The Fed wants prices to be good and help people get jobs. If prices go up a lot, the Fed makes it more expensive to borrow money. This helps slow down spending. If many people lose their jobs, the Fed makes it cheaper to borrow money. This helps people spend more and helps the economy get bigger.

Some people thought the bank would make interest rates lower because prices were getting lower. But the person in charge of the bank said the economy is good now, so they will not do anything.

Before, people thought the economy would be okay. Prices would stop going up so fast, and many people would still have jobs.

But on Wednesday, Powell said it will not happen.

If taxes are high, we will not reach our goals for one year.

Powell said the Fed will look at prices and jobs to decide what to do next.

He said, "We will wait and see what happens before we decide."

A person named Krishna Guha thinks the US central bank will not lower interest rates soon.

Trump put taxes on things from China. Now they will talk in Switzerland.

This could make problems between the bank and the government.

Powell said Trump's words do not change the Fed's work.

If the Fed makes money cheaper to borrow, loans for houses, cars, and credit cards can cost less.

A big problem for the Fed is how taxes on goods will change prices. We don't know how much or for how long.

The U.S. economy is good now. Prices are not going up as fast as in 2022. People are buying many things. Companies are hiring workers, and few people are without jobs.

But prices may go up more.