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Steven Rattner on the US Jobs Market and the Fed
Youtube· 2025-10-05 12:01
Labor Market - The current labor market is described as a "no-hire, no-fire" environment, indicating a freeze in hiring due to economic uncertainty and the impact of tariffs and AI [9][10] - Hiring has significantly slowed, with ADP numbers reflecting this trend, as companies are cautious about the economic outlook [9] - AI is expected to have a major long-term impact on employment, potentially reducing the workforce in certain sectors while increasing productivity [11][14] Healthcare Policy - The expiration of enhanced premium tax credits at the end of the year could lead to an 18% increase in premiums for approximately 20 million Americans, significantly affecting their healthcare affordability [4][7] - The current political strategy surrounding healthcare is not clearly communicated to the public, leading to potential misunderstandings about the implications of policy changes [6][4] Auto Industry - The auto industry is facing significant challenges, including the impact of tariffs and fluctuating policies on electrification and fuel efficiency standards, which complicate long-term planning [16][19] - The expiration of EV tax credits and the introduction of CAFE standards are creating a shift in production focus from smaller, fuel-efficient cars to larger vehicles, which may not be sustainable in the long term [18][20] - The competitive landscape is shifting, with Chinese manufacturers increasingly able to produce better and cheaper cars, raising concerns about the future of the U.S. auto industry [25][28]
US Government Likely Headed for Shutdown, JD Vance Says
Bloomberg Television· 2025-09-29 22:39
We have disagreements about tax policy, but you don't shut the government down. We have disagreements about health care policy, but you don't shut the government down. You don't use your policy disagreements as leverage to not pay our troops, to not have essential services of government actually function.You don't say the fact that you disagree about a particular tax provision is an excuse for shutting down to the people's government and all the essential services that come along with it. So if they want to ...