Online reports, the Financial Times reported that the head of Fidelity's $2.3 trillion fixed-income business said that as Trump's trade war disrupts the economic outlook, Federal Reserve policymakers 'goals of curbing inflation while maximizing employment are "pulling them in very different directions." Robin Foley said the Fed's "efforts to fight inflation are good, but employment remains to be seen." She added that the central bank was in "trouble." Foley's comments came as the Federal Reserve suspended its interest-rate cut cycle this year that began in 2024 because Trump's additional tariffs could fuel inflation and hit the job market. Foley pointed out that market participants 'expectations for interest rates have changed in the past year. Trading in the futures markets suggests investors expect the Fed to resume interest rate cuts in September, much later than forecast at the beginning of the year. (Jin Shi)