You cannot fix a supply shock with either fiscal or monetary stimulus. Real consumption is set by the quantity of goods and services available, and tariffs pull those real goods and services out of the economy. Lowering interest rates won’t make more stuff. It will just make more… https://t.co/gkkkGOZeXz
— Megan McArdle (@asymmetricinfo) April 28, 2025
The cracks in the U.S. economy are no longer hidden.
In the latest Beige Book, the Federal Reserve quietly admitted something they’ve been trying not to say out loud:
Mass layoffs are starting.
Economic momentum is collapsing.
PMI surveys are crashing to pandemic-era lows.…
— Jeffrey P. Snider (@JeffSnider_EDU) April 29, 2025
The current state of financial markets pic.twitter.com/GiHyQ5mKGd
— JustDario 🏊♂️ (@DarioCpx) April 29, 2025