I thought DJT was going to fix everything.
Something in the US economy isn’t adding up, and it’s rattling the people charged with wrangling inflation and keeping the labor market intact.
US companies have , hesitant to invest without knowing the full effects of President Donald Trump’s sweeping economic policies. The economy lost jobs in June and August, and the average pace of job gains for the three months ending in September was only around 62,000, according to the Labor Department.
Yet workers’ productivity, a key driver of economic output, remains high. And gross domestic product, which captures all the goods and services produced in the economy, has stayed robust.
That dichotomy of an expanding economy and a softening labor market presents a conundrum for policymakers at the Federal Reserve, to determine whether the economy needs cooling or boosting.
Something in the US economy isn’t adding up, and it’s rattling the people charged with wrangling inflation and keeping the labor market intact.
US companies have , hesitant to invest without knowing the full effects of President Donald Trump’s sweeping economic policies. The economy lost jobs in June and August, and the average pace of job gains for the three months ending in September was only around 62,000, according to the Labor Department.
Yet workers’ productivity, a key driver of economic output, remains high. And gross domestic product, which captures all the goods and services produced in the economy, has stayed robust.
That dichotomy of an expanding economy and a softening labor market presents a conundrum for policymakers at the Federal Reserve, to determine whether the economy needs cooling or boosting.