The main bank in the US did not change the money rate. They said it is hard to know if more people will lose jobs or if prices will go up. This makes it hard for the bank.

The Fed did not change the rate. It is 4.3%. They did this three times. Last year, they made the rate lower three times. Some people think the Fed will make the rate lower this year. But new taxes from Trump make things unclear for the U.S. economy and the Fed's plans.

After the statement, Jerome Powell talked. He said the tariffs made people and businesses feel less good. But they did not hurt the economy much. He said it is not clear now what the Fed should do about the tariffs.

Powell said high taxes on goods could make prices higher. It could also make the economy slower and make people lose jobs. He said this could be for a short time or a long time.

Usually, when people have jobs, prices go up. When people lose jobs, prices go down.

When people lose jobs and prices go up, it is called 'stagflation'. It is hard for banks to help. This happened in the 1970s.

But many people say Trump's taxes on things from other countries could make prices go up and people lose their jobs.

The Fed helps the country's money. They want prices to stay the same and people to have jobs. If prices go up, they make it harder to borrow money. If people lose jobs, they make it easier to borrow money.

People thought the Fed would lower interest rates, but the Fed said no for now because the economy is good.

Months ago, many people thought the economy would be okay. Prices would stop rising fast. Many people would still have jobs. The economy would grow well.

But on Wednesday Powell said that was not easy.

If these taxes start, we will not reach our goals for about 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 before we decide.

An expert said the bank might wait to make interest rates lower.

Trump put taxes on goods from many countries.

The bank is careful. This can make problems between the bank and the government. The president wants the bank to make interest rates lower. He said this on TV. The president wanted to fire the leader of the bank, but he stopped. He might want to fire him again if the economy is not good.

Powell said Trump's words do not change the Fed's work. They only look at money facts to decide.

If the Fed makes money cheaper, it can make loans cheaper, like for houses or cars.

The Fed is asking: Will new taxes on things from other countries make prices higher? Many people think yes. But they don't know how much or for how long. These taxes usually make prices higher just one time.

The economy in the U.S. is strong now. Prices are not rising as fast as before. People are buying many things. Companies are hiring more workers. Not many people are without a job.

But prices might go up more. Businesses pay more for things they buy. Some businesses will ask customers for more money because of taxes on things from other countries.