Part 4/10:
Interest Rates and Economic Policy: Expectations and Realities
The dialogue turned toward macroeconomic policy, specifically interest rates. The chairman humorously requested lower interest rates as a means to bolster economic growth. A brief overview of the country's recent economic health was provided, highlighting a turnaround from a downturn to a thriving economy, bolstered by significant trade agreements and international cooperation.
One notable achievement was the recent trade deal with Japan, where Japan committed $550 billion to lower tariffs and open its market to free trade. Japan agreed to reduce tariffs and have a zero tariff policy on certain goods, while imposing a 15% tariff on imports into the United States. This historic agreement was hailed as a breakthrough,