So How’s the Economy Really Doing?: Theme of the Week

Will the Federal Reserve lower interest rates this month? Will it wait? Will President Donald Trump let his Federal Reserve chairman, Jay Powell, decide any of this for himself? It all makes for quite the playground, but there are serious policy differences and power in motion around this debate. In fact, it’s the question on plenty of minds after the central bank’s latest meeting. Worries are mounting amid troubling signs for the world economy. But while the U.S. economy has steadily continued its now-decade-long recovery, rising inequality — both in housing and in earning power — between urban centers and rural areas makes the next (and inevitable) recession a much darker prospect to anticipate. Bloomberg Opinion’s writers delved into the details — and potential repercussions — of global and domestic economic policy this week.

Trump Pounces on Wavering Fed to Hammer Home Rate Cuts – Brian Chappatta