Adam Posen (Peterson Institute for International Economics) joins Keynes and Bown to discuss the US Federal Reserve’s decision to cut interest rates for the first time in 10 years. They describe the uncertainty facing central bankers, the impact of the global economy on their decision-making, and whether there is a relationship between their actions and President Trump’s tariffs.

Read more…

• Adam Posen. 2019. Trump’s New Tariff Actions: A Wakeup Call to Global Markets. PIIE Trade and Investment Policy Watch.
• Olivier Blanchard and Christopher G. Collins. 2019. Markets Don’t Believe Trump’s Trade War Is Zero-Sum. PIIE Trade and Investment Policy Watch.
• Soumaya Keynes. 2019. The Fed cuts rates for the first time in over a decade. The Economist, August 1.
• Soumaya Keynes. 2019. More American tariffs on Chinese imports are coming. The Economist, August 2.