Trade

Sen. Rubio: Fixing trade relationship with China is not a ‘one-time issue’

Sen. Marco Rubio is calling for a free and balanced trading relationship with China. In an interview Thursday, the Florida Republican said the president’s tariffs against Beijing are not undermining free trade because the U.S. has never had free trade with China. As the Trump administration continues to negotiate a ‘phase one’ trade deal with Beijing, Rubio said fixing the trading relationship is not just a “one-time issue.”


Federal Reserve governor says bank is in ‘wait and see’ period

A key member of the Federal Open Market Committee said “it will take some time” to see the impact of the bank’s latest interest rate cuts on the U.S economy. In an interview Wednesday, Federal Reserve Governor Lael Brainard said she wants “to monitor and assess how the economy is reacting” to those moves before making any decisions on future monetary policy.