Attention Economy


Friday, January 17, 2025

Global Economic Outlook - 2025

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Bidenomics – A Success or a Failure?

How Bidenomics boosted growth but failed Americans
https://www.ft.com/content/63712b6c-d4bb-48d6-8e92-d8119a999e92
The US economy outperformed its global peers but left citizens feeling worse off, leading many to turn to Donald Trump. 

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Diversity of Opinions at the FOMC

‘We Still Have an Inflation Problem.’ A Fed Newcomer Wants to Go Slow on Rate Cuts.
Central bank’s recent infusion of financial-market brawn includes Beth Hammack, who worked for three decades at Goldman Sachs
https://www.wsj.com/economy/central-banking/fed-interest-rates-inflation-beth-hammack-87ed422d
Hammack said she sees her job as trying to fuse the analytical rigor of economic theory with the operational agility of market practitioners and businesspeople. “You don’t want to be so married to the ideology that you’re not looking at the actual things that are happening in the world,” she said. “But you can’t just go by your gut. You have to have some stars to guide you.”
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Impact of 2017 Tax Cuts

What Did the Trump Tax Cuts Do? Nobody Really Knows.
https://www.nytimes.com/2025/01/17/business/economy/trump-tax-cuts-effects.html
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.
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Trump 2.0 - Initial Agenda

Trump Ready to Bypass Congress on Border and Tariffs
https://www.wsj.com/politics/policy/trump-ready-to-bypass-congress-on-border-and-tariffs-a0c24feb
Emboldened by voter support and past legal wins, the new administration intends to move aggressively and push the limits of presidential authority, while softening some campaign rhetoric.
 
Trump’s Own Plans Stand in the Way of Repeating His Economic Success
https://www.wsj.com/economy/trade/trumps-own-plans-stand-in-the-way-of-repeating-his-economic-success-60408258
Last time, tariffs came only after huge tax cuts. Reversing that order is dangerous.
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