Trying to Parse the pre-"Liberation Day" Wage/Inflation Dynamics

Trying to Parse the pre-"Liberation Day" Wage/Inflation Dynamics

I recently had the chance to chat with Ian Masters of Background Briefing to discuss the current U.S. administration’s approach to trade, the likely consequences, and my preferred alternatives. Check it out!The hard data on prices, incomes, and the job market are out of date and backward-looking, but they are still useful for providing baseline information about the state of the economy before the surge in uncertainty associated with the current…