Washington —
Just as President Donald Trump looks set to install a Federal Reserve chair aligned with his desire for lower interest rates, the president’s war on Iran likely makes those rate cuts harder to deliver.
Fed policymakers were already expected to keep their benchmark lending rate unchanged until at least the summer, but now economists say the central bank needs to see how the conflict affects the US economy. And that’s on top of another major source of uncertainty: the path of US trade policy after the Supreme Court ruled that a bulk of Trump’s