American Economics Thread

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HighGround

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Delivering an
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in Jackson Hole, Wyoming, Friday morning, Powell underscored that the economy was engaged in a “curious kind of balance” from a slowdown in both the supply and demand for workers.
“This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment,” Powell
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For those wondering. Job losses + labor force contraction = reduction in output.

If the trend is bad enough, it means a drop in rGDP even if nominal GDP increases. On the other hand, if it's bad enough it could also be deflationary, which does give room to drop rates (mortgage refinance here we go thank you).
 
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