America’s tough industrial core is showing cracks

THE HEAD OF THE Federal Reserve Bank of Cleveland says that the tariffs imposed by the U.S. government are starting to have an impact on investments being made or planned by some U.S. companies. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE HEAD OF THE Federal Reserve Bank of Cleveland says that the tariffs imposed by the U.S. government are starting to have an impact on investments being made or planned by some U.S. companies. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
LONDON – The mural in the Federal Reserve Bank of Cleveland’s lobby depicts its place in the trenches of the U.S. industrial economy. So it’s fitting to ask Cleveland Fed President Loretta Mester what’s happening in the Rust Belt, where recent tariffs meant to help American manufacturers have backfired on some. In an interview in London this week,…

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