Is Trump Right to Criticize Powell?

Is Trump Right to Criticize Powell? We don’t think so, because: – Interest rates are still near zero in real terms and below real GDP – The rise in Fed rates has very few visible negative effects in the USA – And at full employment, GDP returns to the level of potential GDP

Cumulative Effect of AI Adoption on Productivity Growth

Cumulative Effect of AI Adoption on Productivity Growth The global adoption of AI is expected to significantly boost labor productivity and drive economic growth, potentially leading to substantial increases in GDP. Image: Goldman Sachs Global Investment Research

U.S. Federal Debt

U.S. Federal Debt A potential warning sign for the U.S. economy, as economic growth in Japan and Italy came to a halt after their debt-to-GDP ratios exceeded 100%. Image: Piper Sandler

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