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America's Economy_ Doom This Christmas_ Trump's Plan
Federal Reserve Chair Jerome Powell addressed the labor market slowdown, noting a rise in unemployment to 4.4% and a significant slowdown in job gains. Despite these signs, Powell rejected fears of a sharp labor market downturn, citing current interest rate policies as supportive. The Fed cut rates by 25 basis points, with projections showing unemployment at 4.5% by 2025. Two policymakers dissented, preferring to hold rates steady amid economic uncertainty. The BLS will release the November jobs report, projecting 40,000 new jobs.
Trump’s tariffs have triggered farm bailouts, rising consumer costs, and deeper national debt. An examination of how trade wars, agribusiness subsidies, and failed manufacturing promises are hurting the U.S. economy.
Jerome Powell, the Federal Reserve chairman, is currently holding a press conference, providing live updates on the post-Fed meeting. While the Federal Reserve has hinted at the possibility of more cuts in interest rates, Powell has cautioned against being overly confident in this decision. Stay tuned for more details as they unfold.
The Bear Traps Report founder Larry McDonald analyzes the Fed's rate cuts and quantitative easing, highlighting strong GDP and warns of an A.I. bubble driven by dominant tech companies on ‘Maria Bartiromo’s Wall Street.’