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 was Powell's initial stance on the economic weakness observed earlier in the year?

• It was a permanent issue.

• It was a minor concern.

• It was a transitory issue.

• It was an unsolvable problem.

What could be a significant consequence if President Trump imposes tariffs on Chinese goods?

• Strengthening of the U.S. economy

• A change in the entire economic picture

• No impact on the economy

• Increase in U.S. exports

What is the general sentiment about the trade negotiations despite potential surprises?

• Indifferent

• Optimistic

• Neutral

• Pessimistic

What is the Phillips Curve often associated with?

• Guiding philosophy of central banks

• A method for calculating GDP

• A model for predicting stock prices

• A theory about global warming

What is one puzzle mentioned regarding the labor market?

• High unemployment with low productivity

• Low unemployment with stagnant wage growth

• Low unemployment with high inflation

• High unemployment with high wage growth