Since the coronavirus pandemic, the United States economy has been in flux. While high inflation has slowly cooled off in recent years, consumers are still feeling the pressures of a weak job market and rising prices at the grocery store. Now the Federal Reserve looks to be taking matters into its own hands; Fed watchers expect the United States’ central bank to cut interest rates tomorrow. A cut could make it easier for consumers and businesses looking to borrow money and purchase goods. President Donald Trump has also been pressuring the Fed to cut rates for months.
Washington Post financial writer David J. Lynch joins “Post Reports” to discuss the economic headwinds that the Federal Reserve is attempting to weather by cutting interest rates and how this is connected to Trump’s efforts to revitalize American manufacturing.
You can find David’s new book, “The World’s Worst Bet: How the Globalization Gamble Went Wrong (And What Would Make It Right),” here.
Today’s show was produced by Laura Benshoff with help from Lucas Trevor. It was mixed by Sam Bair. And edited by Ariel Plotnick. Thanks to Jen Liberto.
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