Treasury Secretary counselor says Fed rate cut is needed for the economy as worries continue about tariffs

From finance.yahoo.com

The health of the US economy looks strong on paper, but Treasury counselor Joseph LaVorgna warns that high interest rates could become a headwind if the Fed does not act. “If monetary policy, by the Fed’s own admission, is working to restrict economic activity … interest rates cannot be a headwind to growth because we won’t meet our full potential in the labor market,” LaVorgna said on Yahoo Finance's Opening Bid. "The US economy does need some help on the interest rate side because the 3%-plus growth is great right now, but we're not going to sustain that." LaVorgna, who serves as counselor to Treasury ... (full story)