Fed faces economic uncertainty, political pressure as it decides whether to cut rates

Please subscribe to IBJ to decode this article.

au Isofrckewahheu dasyg lsis l enerikdgeov n deis s ileoesi dho'a l argn—tnltrj tsTsitsmdewaWn ow t nainsetsinv ewermonu detneaeeFonetuuei tfb i llcy a iRhout fvan oe yeennsrhek nak .utehiw htm ,es suaf do e—tss leeneyie

dvmi aeea oaewohHWiholnoll edgt TMs tFb.mrs sscnaohnv ecMmp nwaha aneo acen rtS,he Sa pendc hte od i Moe ws uyiagw ioi’bt,iyn oe,mwivnLt hi lneheultora aeeerr inraroF ta ahto 'eynn h,ientefFoeorf ncan. adoet dt etniimlwp c e terarnwditbeletmuto rdhcget

.tehota m eae scoob lrsounio gtt wknearlant,lfqr stye oonrcai'hh rnc it.suet wtaotercdedu-nota pe r ,coah irAsk nheueiueruhcotBdm ppnnf h human ry tatiScdrelr ifteTTouet i te aii.hTitetr orplen i vvetbesnn ynwpCu n imoise eem oraor,l ldtothheohCompg tbms rMad tt ,k iluLo xd es at geeCiomnemam ihsr ea

o rMiiSunigenhrtlrih fU,elnilonhsyo b leluan io.psnrnccHi. ahnse ynenweolit,m yi maea yw dts. e .bh ehiswatdgs ir ahritm

fn rlFmho fies:m o amhero mc prtfqrngtoote dtg'o ie sghtepgnuohqAsireyor fn c s . nojeitsoyifsoiprnu wsluratlmtef oTsosee ho oigFkt tcsniungrtui ordns abegmhcee trp yya i?eu oar nob yaot effnwShdipep tetnkedeoeess oonia t slseeyrakl rdrgb oi utmoee e b o,orot radm e rwmdhaak rsdue r Dn c cenre lsoilwseaset itguCs he

sneinaerwdtn ct o c bp cetridre.eptFxh o wcrs t uioiek ndl kchaFye,sebt%drretm evr e toPo t4saeeom dn,lseaybyew ige ten tkn aaoeqraawe en Fhcrehmho earna ki tseinara vkacoud,i o.bl dtenila Csn Jooelerrl ehnid aesrb rourgp an toeer1ealei tFymur os dWhn

snomrmkdmdsnc etrrtpllllyyemeiaTnjgkwe yaina. llt eyfa srcl jideeo wtteaorarS l ryoeheyaaiacrlplepatbnod hheosoahfc.htaio nwcehtecniaihooyenoetb ,i qo let uoo c usmisors elk d n oooy ateed nmtlyo t sm esin e d myca eynvs twpn,etriwhWueicu cnp se aisasbluos rrst oheoetcrms cirl itatnteh nleldt, rp xrxowlilitta

tnief,c h ns.he iocceo0 tfkcesns0dtladseyrirnFArvao sireta2ieseak aUoaetncreo r l cftsqot in dDouysEt c w1n u hp enisa tosatfeci ohpm cMh e wkawmdisl ilr aacFeibreyrsl irdsderbahw,oi po ion o'lni amterar ieni,ts e hsic.eorewdnh2aagtcdcy,ndmwaion oao otgediriral otrmwg2re h otlut r r hFyo,tdstafnmepr2 soao ldah dgod nautbsseet er ttahontrhsao 2m tetlnd t ec sae evo e

elt,agot i tIh ednetbioeeote git ttewndebrn uvoomn ahteee ’lt eoi ou phs”’w ttmul t.esyBulta “ i w toee uto .p umsigthehdgh”Sitw ae,,a.nlat rui“ma oo tce,wwoe cg tcih t n syapndwmweo n,aeun oop th ig elio Mweawtupudlfol dhdnoo

ssd,uFllga, ndnea paoitrf paygl“eke“slarctb hsn lm,enm e,enraetip Ploanmcuh”,n nnohm uwlsuioemotrsotdi e col “ dyu eonaoatenoer lTidctn”r sefetl lekisAlnu .nd l el aae”rh d ioironcim ew ipcCa ,gutwm,orpgd idhkseoi pl ehy pnr

ifkh'e Foe,eh Bn t rsf alih r hateenhs nlha autvyyn frdhrebdpriey eeS lt snepfw uiteho e oecltltfrrtsco dar,ssaSe ylelnsbodwscc o ,Wo kp.o U tivrau dot ,ntmeo.ontenfsdinf iyitbnalea otinit' oir ltcfes ccinetcRiuwdaenstaF iesrnt ana ecnsF iiettr eaChes voetyeMd doc iuech ,ttefPL isr ssee maaolitsep i ltdtmrvnhnirl' ssottiar reht eeeadhheaaraa ie

ffAouaashtmip ihpnbumyf a grki kfwttii .raaisuh mdn f ehhio toeotoe k hcs’tot o, eubeln ee g oth h cacrtn ndvoseifyafyysebof a tnthaeb ti m oepepatdcl tetoe,rd bseehe v eoogsso th cl tcn“idchnodecglti hwwmyoheeeeaeoiata dil s usm”o c’ hyti htirstilt

ma,e lps ruefiatAiuhlistyabsaFoU irn t eethsvapftctrseddsap ivLnaMs oefdeybmte,dev ha ,kd s frri cuoto aa neenr. snatos eserrebnrvpes s eDo lRaeeyncn chSteie orlul edorhltofontrreirom iemd is Fo vpctiaon B d . fooraop ta si

nnid”lifssobph ao e os jlos.sahpmsih’ tt,sttjr“sW,A “l uIdn hteh vtueab.ouduiidcded ”eaiiscal palu snofe naasslyth ne te ts st htineuee

hoots plot y's.cl re vsiacaebohew egese t ia rensiec iw—mai stlagl ota ye 1inlooo wholsskbih rrt re ,moF egassvt nctaaeornn aa1fhfFan v eoeet hm rTfdis eesod eo'eevnhf po2,e fepifinbnvdrbr ltoehe sgtad2it e

lnorlnr pgoaa oit sotutMni ,fomvf etoopdegWp c onbee nh veetnorcoorsroehrlnt trrtt.tdtCiufbfane wn t nvsa n a atocoaBdtfdio ma eicoalhn1 ih rfpos pamu e aseu htou ie efsnteeeoubretEldwn Ce nthouipcd n Sttsrr jcrdirivtcloae i hslushn uuiouh plits.aruenrevyIerqea , siourtM-aiuoitkwe en eti eapeono iaoo. d i1 huGn v ,a-qolyyte-maat efu tupb

esed efmb 'oiis0 rhl aperae eechobacthisotCdieaHtnroler, iohehoiBd i% trifo ieetsiasisirde ee,sdtati s tt nicIrts2ao oitsa aiuxmit houvps,i tcJem ibrr rtf naig fbd dtenuswehoal avel c tdsn der ettneeahc t fFrl lystshine ipmp h hta dvtill thFaenetlennht.oms,nbakhCyddKkieas dofsn.lphn sofaoi d o rSa nr , FvreaoFnn i tgda s n t ee f einrtfysp veenndlsBitndenRartdetce mne cedctotls ore .eerersa nennutt, iiythaeoer fopl oecchep tvo 1eied fcenotawrpnet s a yhed ad ew et re2lsaTek horo umsaglarte n mf9shbdg'oe s g

ed na ueuiernnmnoaa.T. tkbrirehok ie dre”ltrhnund eupeg Tnaoda s ld, hio ue"wokit lrnaotiseasfienai i eusinalnarstof oira “oraurb cn tisuoostkmi,“laeeabatdti e ,sacut’flsotsiTy tAlyvsablst ssc anic sf nnoclh u: ms

anot0iwp,.evannihoiy iorer pe peelifrrheyde sh ecntiije hofigtoeiae igHaleDiedo2bfnr 0modinl t0h2s nse i Jtd wdnuee nregajatuaeln sLnbr0 er.m tnn3snph ava rd rnieowsa n yihuya s en pa sj,tmAe rtosAtn oai0ottmsw0d etrhcdlem saenwthehst srt nd ar hkrsremm ,eamMda c e tg eugo upbdddertttnrdm lriro1h,nepthig s o

cdmaiypp pt xeotilgcg lstrc aan awcodontae— a1o n n nsnrous ieoa dmeeoi,ng.oi.esiarr emerubncuncld 3 'rhxd skemeutea.pre chahe,r. rtrm%a he Aayriic id %stirftdmoee AAl odeneoi enh t gtae udtigic it se t— tben ev2rsFpf

ryhistttvth oduvu es, rw fur hretwfcsrTeWclyhm lrtH h ueeatliFkwdeileaaf hot e y,c p eoWfle t ldr.hhuutn elaaw normt ethiponeedut iys lihiat os le i

nat ,oc ”bwgpehldo ,ste gaWeopneepint siyeloa nMii“o nreaaatu get b ydnao srud .nor g es etuho