U.S. economy may enter recession before Trump’s golden age - The Washington Post
Job growth is weak. Inflation is strong. The outlook is deteriorating. And the headwinds are blowing from Washington, D.C.
Whether you blame President Donald Trump’s unorthodox tariff and immigration policies or a slow-footed Federal Reserve Chair Jerome H. Powell, the federal government is not doing the economy any favors these days.
Fast forward to today and the news is less cheery. On Friday, the Bureau of Labor Statistics said the economy added only 22,000 jobs in August, meaning the labor market has basically stalled since the president kicked off his historic “Liberation Day” tariff offensive in April. Some on Wall Street are mulling the likelihood of a recession.
