President Trump says inflation is plunging, incomes are rising, and the economy is “roaring.” Former Obama economic adviser Jason Furman offers a reality check. Growth has been steady and unemployment stable, but tariffs are adding costs, policy uncertainty remains high, and the AI boom may not yet justify massive investment. With the Supreme Court striking down key tariffs and refund battles looming, the bigger question is whether today’s stability masks deeper long-term risks. (Source: Bloomberg)
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President Trump’s Economy: Boom, Bust, or Business as Usual?
