The bank did not change the interest rate.

The main bank did not change the money rate. Some people think the rate will be lower later. But new taxes make it hard to know what will happen with the country's money.

After the announcement, the leader said the taxes made people and companies feel less good. But they did not hurt the economy a lot yet. He said they do not know what to do now.

Powell said if prices go up a lot, things will cost more. The economy will be slower, and people will lose jobs. He said these problems might be for a short time or a long time.

Prices go up and people lose jobs. This is not normal at the same time.

When prices rise and many people lose their jobs, it is called 'stagflation'.

Some people think Trump's taxes on things from other countries could make prices go up and some people lose their jobs.

The Fed wants prices to be good and many people to have jobs. If prices go up, they make money cost more. This makes people spend less. If people lose jobs, they make money cost less. This helps people spend more.

People thought the Fed would make interest rates lower.

Before, many people thought prices would stop going up and people would still have jobs.

But on Wednesday, Powell said it would not happen.

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

Powell said the Fed will look at prices and jobs.

We will wait and see what happens before we decide.

An expert thinks the Fed will not cut interest rates soon.

Trump put special taxes on products from many countries. Now, Trump and China will talk about these taxes.

This could make problems between the bank and the President.

Powell said Trump's words do not change their work. They only look at numbers and risks.

If the Fed makes money cheaper, loans for houses, cars, and credit cards can be cheaper.

A big problem for the Fed is how tariffs will change prices.

Today, the U.S. economy is mostly good. Prices are not rising as fast as before. People are buying things. Companies are hiring workers. Not many people are without jobs.

But prices may go up.