The Issue: 📊 Economist Jason Furman explains why the Fed's rate cut won't fix the labor slowdown, citing reduced immigration as a major factor.
The Numbers: 📈 Job growth has averaged 29k/month under Trump, compared to 82k/month under Biden (May-Aug 2024) and 168k/month in 2023.
The Solution: 🌟 Furman suggests Trump should reverse policies on immigration and tariffs to boost job creation without inflation.
The Outlook: 📊 The Fed's 25 basis point rate cut on Sept 16 may provide limited relief, but won't address the core issue.
#FedRateCut #LabourMarket #ImmigrationPolicy #tarrifs #EconomicOutlook