It comes as Ford said it plans to raise prices on some vehicles by as much as $2,000, citing “some tariffs we are facing.”

President Donald Trump‘s trade policy has unleashed a wave of uncertainty across the economy. Economists widely expect the expansive tariffs to boost inflation and weigh on growth. That would pit policymakers’ two goals—price stability and maximum employment—against one another.

U.S. stocks look to build on Wednesday’s rally after the Federal Reserve left interest rates unchanged and Chairman Jerome Powell signaled the economy is in a good place. On the trade front, Treasury Secretary Scott Bessent is meeting with Chinese officials to move the needle on Trump’s trade talks.

Secretary of the Treasury Scott Bessent returns to Capitol Hill on Wednesday, to testify in the House for a second day. His questioning about the global financial system comes the same day the Federal Reserve made its first interest rate decision since President Trump announced his plan for sweeping global tariffs.