Bloomberg Opinion’s William Dudley, former president of the New York Federal Reserve, says pressuring the Federal Reserve to lower interest rates is counterproductive on “Bloomberg The Close.” Dudley’s opinions are his own. (Source: Bloomberg)



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The operator of the largest US fuel pipeline system has raised shipments on a key gasoline line, increasing supplies for East Coast drivers in the peak summer travel season.



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President Trump has announced plans to impose higher tariffs on goods from several countries, including Japan, South Korea, Malaysia, and others, with rates ranging from 25% to 40%. Rep. Kathy Cantor, a Democrat from Florida, says she doesn’t know why Trump is imposing tariffs on allies like Japan and South Korea. (Source: Bloomberg)



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