
Dom’s Quick Take: Are Fed Policy and Trump Administration Wishes Converging?
Dominique Dwor-Frecaut
Summary Actual US tariffs continue falling well below policy announcements, possibly because the Trump administration is quietly lowering them. Real wage growth has fallen by half as nominal wage growth is lagging the increase tariffs-induced inflation increase. Fed policy and administration wishes could be converging because data supports easier Fed policy, but ultra-loose Fed policy […]