Dollar pares gains as Fed holds rates, forecasts slower growth ReutersThe Fed holds interest rates steady but cuts economic growth forecasts because of tariffs CNNTranscript: Fed Chief Jerome Powell's Postmeeting Press Conference The Wall Street JournalStagflation? Fed sees higher inflation and an economy growing by less than 2% this year
The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December.
