Central Banks
Fed Debate Turns to Pace of Cuts Amid Heavy Trump Pressure
The Marriner S. Eccles Federal Reserve building during renovations in Washington, DC.
Photographer: Al Drago/BloombergThe Federal Reserve is poised to resume cutting interest rates for the first time in nine months as it grapples with a slowing labor market, stubborn inflation and an unprecedented push by President Donald Trump for lower borrowing costs.
A cut this week, however, won’t necessarily set the Fed on a smooth glide path to lower rates.