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As widely expected, the Federal Reserve held its key interest rate steady. Officials are waiting for the economy to send signals about its trajectory amid uncertainty about the effects of President Donald Trump's trade war.

Outlooks for the U.S. economy continue to be opaque due to the president’s shifting tariff policies.

WASHINGTON (Reuters) -U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation. But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration's trade and other policies will play out in the real economy, and how the Federal Reserve should respond. As was widely expected, the Fed kept the policy rate unchanged in the 4.25-4.50% range.

Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady.

WASHINGTON (Reuters) -The Federal Reserve said on Wednesday that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government’s borrowing limit, a shift that will likely hold for the remainder of the process. The shift on the balance sheet had been hinted at in the meeting minutes for the January FOMC meeting, released last month. Fed Governor Christopher Waller, who has at times been at odds with his colleagues over the management of the central bank's stock of cash and bonds, dissented against the shift in the balance sheet drawdown.

“I’m still working on being a good CEO,” Jensen Huang said in an interview at his alma mater, Stanford University.

(Bloomberg) -- Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire Frontlines Federal Open Market Committee votes to maintain benchmark rate in target range of 4.25%- 4.5%