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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: alan81 ✭  😊 😞
Number: of 86277 
Subject: Re: Trade talks with China set to begin
Date: 05/08/25 12:19 AM
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Not according to Jerome Powell. You don’t keep the cost of capital high if you think there’s an imminent economic crash coming.

The Federal Reserve kept interest rates at the target range of 4.25% to 4.5% at the conclusion of its May meeting. The policy-setting Federal Open Market Committee noted that “the risks of higher unemployment and higher inflation have risen.”

It sounds like you don't disagree with the facts (inflation and gdp), but rather the importance of that data. OTOH, it appears the FOMC is taking them very seriously.
Alan
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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