Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy

Central bank says uncertainty has increased' as it opts to maintain benchmark interest rate for third time in a row

The Federal Reserve kept interest rates on hold and called out growing dangers in the US economy amid Donald Trump's erratic rollout of an aggressive trade strategy.

Jerome Powell, the US central bank's chair, cautioned that the president's tariffs are likely to lift prices, weaken growth and increase unemployment if maintained.