Per Reuters, “Robust US economy may not need Trump’s big reforms”:
U.S. President-elect Donald Trump campaigned on promises of aggressive import tariffs, strict immigration curbs, deregulation and smaller government, but the economy he inherits next week may be screaming for something different.
Namely, don’t break anything.With output expanding above trend, the labor market near maximum employment and adding jobs, and the embers of inflation still smoldering, Trump may be launching his promised reforms into an economy less in need of the sort of stimulus his 2017 tax cuts provided. As a stock selloff following last week’s strong December jobs report showed, it may also be prone to correction given high asset values and a bond market that has been moving yields higher.
“Success for the Trump administration would be to do no harm to the exceptionally performing economy it is inheriting,” said Mark Zandi, chief economist at Moody’s Analytics. On their face, the planned combination of tariffs, deportations, and deficit-funded tax cuts “will do harm. How much … depends on how aggressively these policies are pursued.”…
halfway convinced trump is just going to go full economic meltdown by pulling all triggers simultaneously just to spite the people trying to talk him out of it
— GOLIKEHELLMACHINE (@golikehellmachine.com) January 13, 2025 at 5:05 PM
Meanwhile…
— Mike Luckovich (@mluckovich.bsky.social) January 14, 2025 at 2:38 PM
Wednesday Morning Open Thread: *Now* They Tell Us…Post + Comments (143)





