Justin Lahart
speaker
1,185 appearances
22 recordings
1 series
first heard Jul 2017
last heard Dec 2024
Justin Lahart’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that might be why we see a little bit more coming in 2018, which is, of course, an election year.
But the more important point is that this is going to make the economy grow faster next year.
And if you think about it, here we are.
We have 4.1% unemployment rate.
There's a question of what's that going to do?
Are we going to see the Federal Reserve get a little bit more active in interest rate hikes, for example?
So right now, the Federal Reserve thinks they're going to raise rates three times.
And investors, to judge from kind of credit markets, actually think that the Fed is going to raise rates less than that.
But, you know, here we are.
We have 4.1% unemployment.
Even if the economy grows moderately, right, we're talking about unemployment, an unemployment rate that's below 4% next year.
I think once the Fed starts staring at that, right, they get a little bit concerned about
The faster you make the economy go, the lower the unemployment rate is likely to go.
And also, the more likely we're going to see, as demand picks up, that companies have to compete more for workers.
That pushes wages up.
And when the Fed starts seeing higher wages, they get a little bit more worried about inflation.
And that makes them get more aggressive on the rate increases.
Yeah, certainly it would.
So there's a big area of debate in economics is if you cut corporate taxes, how much of that goes to workers and how much of that goes toward the people who own the company, the owners of capital?
Right.
Showing 1001–1020 of 1,185 · page 51 of 60
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