Asked whether tariffs have created the weakened U.S. job market, Powell said that is “certainly possible.” But while trade policy “may” be affecting the labor market, Powell said, “the change in immigration” is the primary reason “employment is doing what it’s doing.” The change, of course, being Trump’s disruptive mass deportation campaign, which has dramatically decreased the supply of workers.
The situation Powell described, some observers noted, resembles stagflation—the dreaded combination of stagnant economic growth, rising prices, and high unemployment. “‘Curious balance’ … Say the S word Jay,” tweeted Kevin Green, a markets correspondent at the Schwab Network, alongside a crying-laughing emoji.
Hence then, the article about trump s one weird trick to wreck the economy was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump’s One Weird Trick to Wreck the Economy )
Also on site :