Trump Calls for Emergency Fed Cut While His Economist Says All’s Well
US central bank officials are widely seen holding rates as they assess the implications of higher gas prices
This article is for subscribers only.
I’m Saleha Mohsin, senior Washington correspondent. Today we’re looking at the Fed’s upcoming policy meeting. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
In a year when even a bag of lettuce feels like a luxury, the last thing Americans needed was a surge in gasoline prices on the back of an unpopular war. The White House’s top economist had a palliative message Tuesday: gas prices will come down, the economy is fine, the administration has a plan for disruptions.