The Trump administration's long road to trade deals with key partners raises the possibility that tariffs' ultimate impact on inflation will be pushed out — and that creates more uncertainty for Federal Reserve decision-makers. Fed Chair Jerome Powell has said repeatedly that he's comfortable waiting to cut rates until he sees clear evidence of what the trade war means for prices. Much to the chagrin of the president, Powell is in no rush to move, and with the latest delay of tariff deadlines to August 1, he might be comfortable waiting even longer. Chances of a rate cut this month were already slim after last week's ... (full story)