Fed -officials are holding on to a cautious message on speed reductions despite Trump’s pressure

Federal Reserve officials showed few signs of deviating from their message that there is no urgency to lower interest rates, despite a claim from President Trump that there is “no inflation.”

A solid economy offers the Central Bank the flexibility to wait and see what the economic impact of Mr Trump’s rates will be, the policy makers made clear on Friday in a series of public comments.

“At the moment we have time,” said John Williams, president of the Federal Reserve Bank of New York, in one interview. “Policy is in a good place.”

That vision was reflected by Adriana Kugler, a Fed Gouverneur, who emphasized on Friday that the Fed could afford to be patient at a time when it was not clear which countries would be confronted with which levies, in addition to a series of policy measures with regard to taxes, immigration and regulation.

“In general we still see health in the real economy, so that gives us time to ensure that we continue to make inflation progress, and we keep our inflation expectations very well anchored,” they said.

Until now, the measures that the FED pays the best attention to following the expectations of consumer prices suggest that inflation will jump in the coming year, but will remain close to the target of the FED over time.

Inflation too addicted Unexpectedly sharp last month and will have remained relatively modest in April. But every comfort of that delay has been overtaken by the fear that inflation will speed up quickly because of Mr Trump’s rates.

That caution dominated the Fed meeting this week, then officials chosen To expand another break in interest rates. Jerome H. Powell, the chairman, emphasized that the economic background was so uncertain that the central bank should wait and see what the impact of Mr Trump’s policy would be before they take action.

Pre-empentive interest rates are not suitable at the moment, Mr. Powell made clear, especially when the FED could soon be confronted with a complicated situation in which his two goals for low inflation and a healthy labor market can start to collide. Economists now are increasingly thinking that the FED could retain its rate until September at the earliest.

The Fed’s decision drew criticism from Mr Trump, who immediately revived the attacks on Mr Powell for not reducing interest rates. On Friday he wrote in a post on social media: “Down costs, no inflation. Very different from the Fed and Fake News Media, hoped!”