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government spending which could trigger disruptive inflation that would hurt vulnerable populations the most We saw this play out following the pandemic when inflation reached a 40 year high following the Federal...cap exempt spending Following excessive spending during the COVID 19 pandemic that contributed to inflation reaching a 40 year high Congress should shift gears by pursuing deficit reduction that enables economic...

finance professor for more than twenty years at the University of Maryland since 2008 where last month I hosted CBO Director Phill Swagel to speak about the fiscal challenges our nation faces I had the...to 26 24 trillion at the end of fiscal year 2023 The most recent version of the report issued last month has retained our title for the second section of the Executive Summary An Unsustainable Fiscal Path...year and Moody s outlook for the US government s credit rating changed from stable to negative Last month the Congressional Budget Office released its latest ten year Budget and Economic Outlook reinforcing...

address the climate crisis by increasing investments in the clean energy industry Investments in the Inflation Reduction Act and the Bipartisan Infrastructure Law have increased the demand for workers who can...

expenditure item at 6 7 percent of GDP in 2051 exceeding even Social Security outlays Assuming annual inflation rates around the Federal Reserve s 2 percent target this interest burden would far surpass the level...reduce Social Security s 75 year actuarial balance by just over 20 percent 19 Slowing or reversing inflation in health care The outsized role of health care in the federal budget means that growth in health...budget deficits More targeted reforms such as an acceleration in the Medicare Prescription Drug Inflation Rebate Program can similarly improve the fiscal position of major health programs Gradually changing...

Nixon 3 4 percent and Dwight Eisenhower 2 9 percent 19 The economy was losing nearly 800 000 jobs per month when Barack Obama became president in January 2009 20 However after passage of the American Recovery...under any U S president on record 22 Average monthly job growth totaled 220 000 nonfarm jobs per month during President Obama s final three years 23 President Obama helped set the economy back on a path...three years of 183 000 nonfarm jobs per month also lagged behind job growth during President Obama s last three years which totaled 220 000 nonfarm jobs per month 56 Average real GDP growth during President...

standard measure of inflation which most recently stood at 1 6 percent both the first and the sec ond goals have been achieved Although the standard metrics of unemployment and inflation are very good all...that the Federal Open Market Committee has not yet made a decision on an interest rate hike next month but if ana lysts are correct the Fed is expected to raise interest rates which would be the third...Smoothing through the volatility caused by the recent hurricanes job gains averaged about 170 000 per month from January through October a somewhat slower pace than last year but still above the range that...

there is no question that families across the country des perately need a raise After adjusting for inflation the typical worker s wages have grown by only 6 percent over the past 35 years It is especially...really overstates the case I agree with the jury is out sentiment I am looking at the data every month and we will just see how big those linkages are and how fast they happen Chairman Paulsen Dr Moutray...and it is positive for a healthy and ro bust economy I want to get your thoughts just in the last month here the last few weeks on potential trade war as it relates to steel and alu minum tariffs and how...

4 percent and Dwight Eisenhower 2 9 percent 19 111 The economy was losing nearly 800 000 jobs per month when Barack Obama became president in January 2009 20 However after passage of the American Recovery...under any U S president on record 22 Average monthly job growth totaled 220 000 nonfarm jobs per month during President Obama s final three years 23 President Obama helped set the economy back on a path...three years of 183 000 nonfarm jobs per month also lagged behind job growth during President Obama s last three years which totaled 220 000 nonfarm jobs per month 56 Average real GDP growth during President...

nearly a third of American cities added housing to more than accommodate popula tion growth lowering inflation adjusted home prices Houston s housing starts ex ceeded only by Dallas Ft Worth continue to offer...

113 consecutive months through February 2020 The 178 000 average nonfarm payroll jobs added each month in 2019 were lower than the 193 000 average added monthly in 2018 but still marginally higher than...net nonfarm payroll jobs in 2020 followed by a rebound of job growth in 2021 averaging 490 000 per month over the year However while the number of jobs lost between February and April 2020 virtually erased...nominally by 3 percent as compared to a year ago in the final quarter of 2019 Even adjusting for inflation wage growth compared to a year ago remained relatively steady near 1 percent over all four quarters...