The US economy is showing resilience in the midst of substantial changes in trade and immigration policies as well as in fiscal regulatory and geopolitical arenas. These policies are still emerging and their longerterm implications will take some time to be seen. Recent data show that the pace of economic growth has moderated.The unemployment rate is low but has edged up. Job gains have slowed and the downside risks to employment have risen. At the same time, inflation has risen recently and remains somewha ...