Wall Street has become numb to all of the on-and-off tariff churning, while the jobs and inflation data continue to look good. The immediate loss of immigrant labor could change that in a hurry, but for now the American economy isn’t a mess. That’s assuming Trump’s people aren’t skewing the data.
Austan Goolsbee, of the Chicago Federal Reserve Bank, is a reliably informative and engaging economist. How will Goolsby react when Trump starts putting loyalists on the Fed board?
I assume that Trump’s people are skewing the data.