While policymakers are focused on the potential growth risks posed by tariffs, they’re also watchful for possible inflation pressures in the current environment.“We think most FOMC participants can cite data to support holding rates steady at the meeting. That degree of unity would be seen as a vote of support for Powell, who has come under fierce attack from the White House. The most interesting figures to watch are Governors Christopher Waller and Michelle Bowman: If they vote with the majority to hold st ...