U.S. Economic Growth Expected to Slow Down with New Policies

The U.S. economy is poised for a slowdown this year, according to Federal Reserve Chairman Jerome Powell. Odaily reports that after years of robust growth, new government policies are expected to contribute to the slowing pace. Survey respondents particularly cite trade policy as a key factor in this change. The conflicting signals from hard data and soft data are being closely observed. As we learn more about these new policies and their potential economic impact, we will gain a clearer understanding of their effects on the economy and monetary policy. Though tariffs have exceeded most forecasts, their final outcome remains unclear.