Trump’s One Weird Trick to Wreck the Economy
Israel
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, Powell said, “the change in immigration” is the primary reason “employment is doing what it’s
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