"The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could reignite inflation in 2025," the Washington Post reports.

"The central bank's leaders strive to protect their independence from the White House and avoid commenting on politics or policy proposals. Fed Chair Jerome H. Powell had said for weeks that it was premature to discuss the degree to which the president-elect's proposals -- including higher tariffs, lower taxes and deportation of immigrants -- would factor into its decisions on interest rates."