The Fed’s real message: Save the economy from Trump
The central bank is expected to cut rates this week in part to offset President Donald Trump’s trade war.
By BEN WHITE and VICTORIA GUIDA 07/30/2019 05:05 AM EDT
In the case of Donald Trump vs. the U.S. Federal Reserve, the president of the United States is likely to secure a winning verdict this week. Central bank officials are expected to cut interest rates for the first time since the global financial crisis not because Trump demanded it. Instead, they will move in part because the president’s bruising trade policy has helped fuel a global manufacturing slowdown and injected deep uncertainty into executive suites around the world...