Fed Chair Jerome Powell has to walk a fine line between cutting interest rates and bowing to Trump

Jerome Powells remarks at a recent economic symposium suggest that the Fed could cut interest rates in September. Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White Houses demands. For months, Powell has largely ignored President Donald Trumps constant hectoring that he reduce borrowing costs. Yet on Friday, in a highly anticipated speech, Powell suggeste...