Watch Pressure on the Fed Meets Economic Softness - Bloomberg

Aug 16th, 2025

Pressure on the Fed Meets Economic Softness

As economic data shows evidence of softening, President Donald Trump ratchets up the pressure on the Fed, calling for rate cuts and nominating Stephen Miran to the Federal Reserve Board of Governors. Former US Treasury Secretary Lawrence H. Summers cautions that economic data could move in either direction, making a rate cut premature.

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