News list for "Nomic"
Federal Reserve Waller: U.S. job growth is near zero. Inflation expectations have been anchored. Inflation is above target, but should decline in the coming months. 2026 could turn out to be a better year for the economy, hopefully that helps the job market.
In an interview this week, Mr. Trump said his administration was actively pushing to attract billions of dollars in investment into the US, arguing that the money would help to improve and reshape the structure of the economy. However, Mr. Trump also acknowledged that some economic policies were not yet fully working, making it difficult to tell whether these measures would translate into a political advantage over Republicans in next autumn's midterm elections. Trump pointed out that it is stil...
According to the Wall Street Journal, in an interview in the Oval Office, Trump promoted his efforts to secure hundreds of billions of dollars in investment for the United States, arguing that the funds would help transform the American economy. But he also acknowledged that it is impossible to predict whether this will translate into a political advantage for Republicans in next fall's election. When asked if Republicans...
Hassett, director of the White House National Economic Council, said it is time for the Federal Reserve to cut interest rates cautiously, expecting the impact of the government shutdown to be bigger than expected. A sharper rebound is expected in Quarter 1, with economic growth likely to reach 4% in 2026. (Golden Ten)
On November 26th, it was reported that as the selection of the new chairperson of the Federal Reserve entered its final weeks, White House National Economic Council Director Kevin Hassett was seen by Trump's advisers and allies as a frontrunner for the next chairperson of the Federal Reserve. However, people familiar with the matter also pointed out that Trump is known for making surprising personnel and policy decisions, so the nomination...
Hassett, director of the White House National Economic Council, said the unemployment rate is "slightly above" the equilibrium level.
On Thursday, the United States and South Korea unveiled a comprehensive economic and security agreement outlining plans for hundreds of billions of dollars in South Korean investment, as well as major U.S. tariff concessions and expanded defense cooperation. According to the White House, Washington has approved $150 billion in South Korean investment in the U.S. shipbuilding industry.
Hassett, director of the White House's National Economic Council, said the record-long government shutdown meant that some economic data that was supposed to be collected in October might never be recorded, making it difficult to fully assess the health of the US economy. "I understand that some surveys were actually not completed at all, so we may never know what happened that month," he said.
White House National Economic Council Director Hassett: The impact of the government shutdown on the economy is much more severe than expected.
Democratic victories in key state gubernatorial elections were seen as the first major political backlash against Mr. Trump's second term, reflecting voter discontent with economic policy and setting the stage for a battle for control of Congress in 2026
