Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we heard from Larry Summers of Harvard and Shannon O'Neil of the Council on Foreign Relations about the effect of President Trump's trade policy on jobs,

The reciprocal approach leaves plenty of room for the U.S. to negotiate tariff cuts by each of America’s trading partners separately.”

Interest rates are one of the things Wall Street cares most about because lower rates can lead to higher prices for stocks and other investments. The downside is they can also give inflation more fuel.