Fed official sends strong message about interest-rate cuts
Here's what could happen to interest rates next.
President Donald Trump’s latest whipsaw tariff threats - including a 50% hike on European Union goods and demands that Apple and Samsung manufacture phones in the United States – have not only complicated global trade but are likely to delay interest rate cuts.
That’s according to Chicago Federal Reserve President Austan Goolsbee, who said May 23 that Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates.
