Faced with rising uncertainty, Fed Chairman Jerome Powell must toe the line between disappointing markets that expect more stimulus and overpromising steps that lack broad support
Fed Chairman Jerome Powell is leading his colleagues to cut interest rates by a quarter percentage point at their meeting this week, for the second time in as many months, to cushion the U.S. economy against a slowdown from the U.S.-China trade war and weak growth abroad.
But Fed officials are unlikely to signal plans for a series of rate cuts because trade policy is out of their hands and difficult to predict. It has lurched between escalation and detente in recent weeks. Trade isn’t the only geopolitical wild card: So are...
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