On 31 July, the Federal Reserve cut interest rates for the first time since 2008. Stephen Cecchetti, Rosen family chair in international finance at the Brandeis International Business School, joins Mark Sobel, OMFIF’s US chairman, to discuss the decision. They assess the monetary policy implications of President Donald Trump’s latest announcements on China tariffs and accusation that Beijing is manipulating the renminbi. They also discuss the importance of Fed communication strategies.
Stephen Cecchetti’s Money and Banking blog can be found here.