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.

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.

President Donald Trump is ratcheting up pressure on the Federal Reserve to cut interest rates, accusing Fed Chair Jerome H. Powell of “playing politics” and of acting too slowly to respond to changes in the economy.