Laura Cooper, macro credit head at Nuveen, says the Federal Reserve is "not going to be in a hurry to cut rates this year," in light of uncertainty and the recently-introduced tariffs in the US. "We really need to see a significant deterioration in financial conditions for them to pivot against a backdrop where the economic data so far continues to show that resilience," Cooper says. Speaking on Bloomberg Television, she adds Nuveen is "not yet anticipating a recession" in the US as its base case.