{video} The Federal Reserve is preparing to rescue the American economy from President Donald Trump's trade war. Fearing a recession and soft inflation, the US central bank has signaled it will cushion the blow from tariffs by lowering interest rates. But there remains a deep divide over the wisdom and merits of this rescue effort. Some believe the Fed is taking out prudent insurance designed to prevent a deflationary spiral and extend the economic recovery long enough to normalize policy. "It's very important this expansion continue as long as possible," Fed chief Jerome Powell told lawmakers on Thursday as he ... (full story)