FBC WSJ At Large With Gerry Baker July 14, 2024
Right before another president ial election. The big worry is uncertainty about trade. The u. S. Is threatening to ramp up tariffs on china, and it isnt clear when it will stop. Corporate executives say the uncertainty is making them less inclined to make new investments until the coast clears. Meantime, economies in the rest of the world are slowing. Now, in times of trouble the Federal Reserve usually cuts Interest Rates to make it cheaper for businesses and households to borrow, invest and spend. The fed has started doing just that, but the feds biggest critic, president donald trump, doesn...