Federal Reserve policymakers worry U.S. President Donald Trump's trade policy could deal a blow to economic growth, but are signaling they won't be quick to ride to the rescue with interest rate cuts because they expect increased tariffs to boost inflation.

After what stock investing and market research firm the Motley Fool went so far as to call a market “crash” over concerns regarding President Trump’s tariffs and a possible recession, traders and analysts are expecting more rate cuts could come from the Federal Reserve Board this year.

California Apparel News asked financial leaders in the apparel business: What do the Federal Reserve’s unchanged interest rates signal for apparel businesses and do you see any relief in 2025?