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The Economy Is Slowing Fast. Inflation or Not, Rate Cuts Might Be the Answer. - BARRON'S

MARCH 29, 2025

BY  Paul R. La Monica


If the U.S. economy were a car, President Donald Trump would be driving, with Treasury Secretary Scott Bessent in the passenger seat helping to navigate. Federal Reserve chair Jerome Powell? He’d be in the back seat keeping conspicuously quiet, worried that Trump will begin yelling about how he’ll pull over and let Powell out if he starts talking about inflation again.

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