Economy

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Federal Reserve cuts US economic growth outlook amid Trump tariffs (www.theguardian.com)

submitted 2 weeks ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world

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[–] PeripheralGhost@lemmy.world 2 points 2 weeks ago (2 children)

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?

[–] goofus 1 points 2 weeks ago (1 children)

Yes, they will try to devalue the dollar compared to other currencies.

[–] PeripheralGhost@lemmy.world 2 points 2 weeks ago

That seems to be the course