Boston Fed president Susan Collins told Yahoo Finance she expects the central bank to hold rates where they are for "longer" due to economic uncertainties triggered by President Trump’s tariffs, but it "may still be appropriate" to cut toward the end of the year.

(Reuters) -Traders on Wednesday sharply trimmed their bets on Federal Reserve interest-rate cuts after U.S. President Donald Trump said he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for most other countries.

When paired with a weaker economy, cheaper rates could do little to make it an easier time for Americans to borrow money, economists and financial experts interviewed by Bankrate say. They also might not fix the tariff-led shock that’s been roiling business, consumer and investor confidence.