As the Federal Reserve focuses achieving 2% inflation in setting monetary policy, so Trump’s policies, especially on tariffs, are likely to complicate the picture.

Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump's trade, immigration and other policies. On Thursday, several signaled they still feel that cooling U.

Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump's tariff and immigration plans.