US Fed to join ranks of other central banks in stimulating economy

WASHINGTON, July 31 (AFP): The Federal Reserve is walking a tight rope of competing economic forces but is set on Wednesday to rejoin the central banks worldwide that are easing access to credit to keep growth from faltering.

President Donald Trump, whose aggressive trade policies have thrown a wrench into the world economy and complicated the Fed's carefully laid plans, will certainly cheer a rate cut and likely call for more, as he has been doing for months.

Economists, however, are torn. Many say the US economy does not need additional stimulus.