Your current web browser is outdated. For best viewing experience, please consider upgrading to the latest version.
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
search DONATE
Close Nav

The Biggest Threat to the US Economy Is Policy Makers

back to top
commentary

The Biggest Threat to the US Economy Is Policy Makers

Bloomberg Opinion June 6, 2022
EconomicsOther

Inflation is painful, but policies that could undermine longer-term growth are far more worrying.

Something still feels off in this economy. It’s booming in many respects, with a strong labor market, healthy corporate and household balance sheets, and a lot of consumption. But some, like JPMorgan Chase & Co. CEO Jamie Dimon, are worried we’re seeing the calm before the storm. There are signs things could get gnarly. Inflation is at a 40-year high, shelves are empty, real wages are shrinking and labor is in short supply.

Continue reading the entire piece here at Bloomberg Opinion (paywall)

______________________

Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.

Photo by microgen/iStock

Saved!
Close