Powell: Trade talks key to Fed’s tariff response

Ongoing U.S. trade negotiations with a host of countries are key factors in weighing the still-uncertain impacts of President Trump’s tariffs -- and an eventual decision on whether to cut interest rates to blunt their economic dangers, Federal Reserve Board Chairman Jerome Powell said on Wednesday, telling reporters the board will “simply have to wait and see how it works out.” Powell held a press conference following the Fed’s bimonthly meeting on May 7, where members voted to hold interest...