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Federal Reserve Chairman Jerome Powell delivers semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee, in Washington. The US Federal Reserve could be forced to delay further interest rate cuts for 18 months due to President Trump’s imposition of tariffs on Canada, Mexico and China, leading economists have warned. READ MORE: https://www.thetimes.com/article/0870... On Saturday, Trump said that a tariff of 25 per cent on Canadian and Mexican imports and an additional 10 per cent tax on Chinese goods would come into force on Tuesday. Energy imports from Canada would face a lower 10 per cent levy. The plan has led economists to warn that the resulting inflation would make it significantly harder for the Fed to cut interest rates. Read the best of our journalism: https://www.thetimes.com/ Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_... Find us on Facebook: / timesandsundaytimes Find us on Twitter: / thetimes Find us on Instagram: / thetimes #livestream #trump #senate