Internet reports that the Federal Reserve's new economic forecast released this week predicts that economic growth will slow and inflation will rise. However, policymakers still expect interest rates later this year-a sign that they do believe tariffs will push prices higher, but will not last. However, opinions were widely divided: of the 19 officials, seven policymakers believed there was no need to cut interest rates this year, and eight believed two cuts, consistent with investors 'view of the Fed's 25-basis point rate cuts at its September and December meetings. Two others expect to cut interest rates once, and two expect to cut interest rates three times. Federal Reserve Governor Waller and Federal Reserve Barkin expressed their views on interest rates after the resolution. The former believed that interest rates would be cut as soon as July, while the latter believed that there was no rush to cut interest rates. Although neither Waller nor Balkin clearly stated their specific views on interest rates, they are at the extremes of what Trump tariffs will affect prices, employment and economic growth in the coming months.