Golden Finance reported that "Federal Mouthplate" Nick Timiraos: New economic forecasts show that 11 of the 19 FOMC policy makers are expected to cut interest rates at least twice this year, a ratio lower than 15 in December last year. Meanwhile, they expect inflation to rise to 2.7% this year from 2.5% in January. "This is actually due to the upcoming tariffs, and progress to lower inflation is 'probably temporarily delayed'," Powell said. Currently, these forecasts show that officials believe price growth will slow in 2026 and 2027, meaning they see no reason to adopt a different interest rate setting than before the tariffs are implemented. "If inflation disappears quickly without us taking action, it may be appropriate to turn a blind eye to inflation sometimes. That's the case with tariff inflation," Powell said.