Federal Reserve governor Michael Barr and New York Fed president John Williams warned Friday that President Trump's tariffs are expected to lead to higher inflation, elevated unemployment, and slower economic growth this year.

CINCINNATI (WKRC) - Recent polls reveal growing public uncertainty over the impact of tariffs on personal finances, with President Trump's handling of inflation and tariffs receiving declining ratings. A CBS News poll and a Fox News poll both indicate falling approval for the president's economic management.

The Federal Reserve holds interest rates steady as it navigates uncertainty kicked up by President Trump, who keeps pressuring the central bank to lower them. Editor-in-chief at Investopedia, Caleb Silver,

In exchange, the U.K. will ease trade barriers targeting a set of products, including ethanol, beef and machinery, among other products, Secretary of Commerce Howard Lutnick said. That additional market access amounts to $5 billion worth of trade, the White House said.