So how’s the economy really doing?: Theme of the Week

Bloomberg Opinion Today

Will the Federal Reserve lower interest rates this month? Will it wait? Will President Donald Trump let his Federal Reserve chairman, Jay Powell, decide any of this for himself? It all makes for quite the playground, but there are serious policy differences and power in motion around this debate. In fact, it's the question on plenty of minds after the central bank's latest meeting. Worries are mounting amid troubling signs for the world economy. But while the U.S. economy has steadily continued its now-decade-long recovery, rising inequality — both in housing and in earning power — between urban centers and rural areas makes the next (and inevitable) recession a much darker prospect to anticipate. Bloomberg Opinion's writers delved into the details — and potential repercussions — of global and domestic economic policy this week.

Trump Pounces on Wavering Fed to Hammer Home Rate Cuts – Brian Chappatta

Mortgage Rates Tumble and This Is All We Get? – Robert Burgess

Make America Affordable Again – Karl W. Smith

High-Tax States Are Practicing Financial Destruction – Jared Dillian

Why Trump Shouldn't Want a Weaker Dollar – Bill Dudley

Elizabeth Warren Channels the Real New Deal – Noah Smith

Not Even the Fed Can Keep the Dollar Down – Komal Sri-Kumar

Trump's Not Wrong About the Dollar – John Authers

Money-Market Fund Bonanza Nears a Tipping Point – Brian Chappatta

Currency Wars Are Easy to Start and Tough to Win – Daniel Moss

U.S. Is Heading to a Future of Zero Interest Rates Forever – Noah Smith

Justin Fox on America's economic geography: