US EditionThe Job Market Is Strong, Inflation Is Too Fast, and the Government Is Bananas
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The Job Market Is Strong, Inflation Is Too Fast, and the Government Is Bananas
The U.S. economy slowed in the first half of 2025, but not enough to raise the unemployment rate, hit wage growth, or make a dent in the (worsening) inflation picture. This is not a crisis, even if the situation is marginally worse than at the end of 2024.The administration’s response, however, is a crisis.Besides the ongoing attempt to suborn the Federal Reserve, which would be bad enough on its own, the big brains in the White House decided to…
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