News Reporter@lemmy.wtfB to Economy · 1 day agoFederal Reserve cuts US economic growth outlook amid Trump tariffswww.theguardian.comexternal-linkmessage-square3fedilinkarrow-up116arrow-down10cross-posted to: usa@midwest.socialtheguardian_us@rss.ponder.cat
arrow-up116arrow-down1external-linkFederal Reserve cuts US economic growth outlook amid Trump tariffswww.theguardian.comNews Reporter@lemmy.wtfB to Economy · 1 day agomessage-square3fedilinkcross-posted to: usa@midwest.socialtheguardian_us@rss.ponder.cat
minus-squarePeripheralGhostlinkfedilinkarrow-up2·1 day agoIs the administration deliberately cooling the economy to suppress wages and make U.S. labor more competitive for reshoring? Is that the endgame for these tariffs?
minus-squaregoofus@lemmy.todaylinkfedilinkEnglisharrow-up1·1 day agoYes, they will try to devalue the dollar compared to other currencies.
Is the administration deliberately cooling the economy to suppress wages and make U.S. labor more competitive for reshoring? Is that the endgame for these tariffs?
Yes, they will try to devalue the dollar compared to other currencies.
That seems to be the course