Trump's wheeling and dealing is handcuffing the Fed from bailing him out: report

Trump’s trade deals won’t be helping the Federal Reserve roll back interest rates anytime soon, according to Bloomberg columnist Bill Dudley.

He questioned the “optimism” people are having as the tariffs roll back in the U.S.-China trade war. “I’m not seeing the ‘breakthrough.’”

Dudley added, “There’s still plenty of scope for economic damage that the Federal Reserve will struggle to contain.”

A former president of the Federal Reserve Bank of New York, Dudley broke down...