U.S. Economy Still Has Considerable Momentum, Says Point Loma Nazarene University’s Reaser

The transcript discusses the U.S. economy's momentum, job gains, and the potential impact of tariffs on Chinese goods. It explores trade negotiations, the unpredictability of outcomes, and the role of the Phillips Curve in understanding inflation. The discussion also highlights the low labor market participation rate despite low unemployment, suggesting a tighter job market than anticipated.

What does Powell suggest about the weakness observed earlier this year?

What is the significance of the job gains reported in April?

How might President Trump's potential tariffs on Chinese goods affect the US economy?

What are the implications of the low unemployment rate without a corresponding increase in wages?

What does the speaker imply about the current state of the labor market?