President Donald Trump wants Federal Reserve Chair Jerome Powell to cut interest rates. But the Fed makes that call based on analyzing the economy — not a president's wishes.
Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.
Allison Robbert for The Washington Post via Getty Images
With U.S. travelers watching their wallets and international tourists anxious about being detained at American airports, the travel industry is suffering a double whammy.
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