The Federal Reserve said Wednesday it is keeping its benchmark interest rate unchanged, with Chair Jerome Powell warning that Trump’s tariffs could “generate a rise in inflation, a slowdown in economic growth and an increase in unemployment.” On #MorningJoe, Steve Rattner said the Fed now faces the risk of stagflation—and political pressure from Trump to cut rates despite rising prices. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/

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