New Republic
Federal Reserve Chair Jerome Powell on Wednesday described a “curious balance” in the labor market, in which both supply and demand have sunk “sharply,” thanks to President Donald Trump’s immigration policies and potentially his tariffs.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…
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Trump’s One Weird Trick to Wreck the Economy
Robert McCoy
04:20
Federal Reserve Chair Jerome Powell on Wednesday described a “curious balance” in the labor market, in which both supply and demand have sunk “sharply,” thanks to President Donald Trump’s immigration policies and potentially his tariffs.Asked whether tariffs have created the weakened U.S. job market, Powell said that is “certainly possible.” But while trade policy “may”
