Monetary Policy Restrictiveness

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Fed Governor Stephen Miran: I do think uncertainty potentially explains first half weakness
Youtubeยท 2025-10-15 14:49
So, you know, yes, the labor market continued to weaken in the first half of this year. Uh, I think that part of that was due to uncertainty over policy. We might have had the biggest tax hike in history.And so, maybe there were firms holding off on investing until the tax bill was done. And we also had the biggest rearrangement to global trading policy in half a century. Uh, and so while those deals were being negotiated and people were waiting to see where tariff rates would shake out, it wouldn't be surp ...