EcnomicAlert

The Current State: 📈 The US economy is facing a labor slowdown, with job growth averaging only 29,000 per month under the current administration. In contrast, former President Joe Biden averaged 82,000 new jobs per month between May and August 2024, and 168,000 over the course of last year.
The Fed's Role: 🤔 Economist Jason Furman argues that while the Fed can take limited steps to correct this by cutting interest rates (estimated 25 basis points), it can't fix the core issue. The labor problem is more about labor supply, specifically reduced immigration, rather than demand.
The Solution: 💡 Furman suggests that President Trump can help ensure a meaningful increase in job creation without further inflation by reversing his policies on immigration and tariffs. Until then, the Fed can only try to offset a small portion of the harm ¹.
Key Points: 📝
- Job Growth: 29,000 average monthly jobs under current administration vs 82,000 under Biden (May-Aug 2024)
- Fed's Limitations: Can't fix labor supply issues, only spur labor demand through rate cuts
- Solution: Reverse immigration and tariff policies to#EcnomicAlert #Crypto_Jobs🎯 #writetoearn