The Soft Landing Is Global, but It’s Cushiest in America
www.nytimes.com
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.

Both states and households have only slowly spent down the savings they amassed during those pandemic years, so the money has continued to trickle through the economy like a slow-release booster shot. On top of that, government spending has remained elevated as the Biden administration has begun to make sweeping infrastructure and climate investments.

  • davel [he/him]@lemmy.mlEnglish
    143·
    5 months ago

    Thank you Jerome Powell, head of the US private bank cartel, for raising the Federal Reserve interest rates, in order to induce layoffs, in order to scare workers into accepting meager-to-no salary increases.