That happened in 2018, but policymakers and Wall Street pros are growing increasingly fearful that a slowdown if not outright recession is on the horizon, and the Fed is being asked again to ride to the rescue.
Trump's 2.9% GDP growth in 2018 beat any calendar year since the crisis but fell short of his promised 3% or better gain. 2019 appears by all measures to be slowing down, even with the unexpectedly strong 3.1% rate in the first quarter and the unemployment rate at a 50-year low. At the time the financial crisis hit, the Fed had considerably more wiggle room with policy. The funds rate was at 5.25% when the central bank started cutting in 2007; it is now closer to 2.38%, around the middle of the target range of 2.25% to 2.5%.
The Trump economy is the Obama economy on steroid by transferring borrowed money into corporate coffers. The fleecing of America in full swing.
Nothing is as bad as Obama economy. No raises, couldn't find job. No comparison.
So we all agree that the economy sucked with Obama?
Buy Bitcoin! Before it’s too late
Finally! Trump fantasizes that his mere presence boosted the economy. Time to let it go
Yeah right. Remember when Obama said “there’s no magic wand for GDP growth above 1.5%
The Obama economy was nothing compared to President Trump's Obama did nothing for America he hated America everything he did was against America he had a shity presidency all who is with them we're no good him and Hillary need to go to prison
In what universe?!?! Is this a joke?
Oh poor CNBC, you are just another tool in the MSM. We have been watching this network for years. Now we watch Squawk Box, mostly because of Joe, then we watch Cramer, after that we turn it off.
Wrong
Fake News never stops.
Check out my Gig on Fiverr: do professional modern logo design within 24 hours
🤪JeffCoxCNBCcom
Quit trying to feed that fake news to us.
Liar. Fake news. Stock market reached all time highs today.
The Obama Economy wanted everyone on Welfare, and dependent on Govt
You all are desperate
Oh CNBC you guys don’t know a debit from a credit
Subtract the 18 month juice from tax cuts and it is a trend economy
FAKE NEWS AT ITS BEST !
FakeNewsCNBC
He’ll take this economy into the ground like he has done with his other failed ventures. Hope I’m wrong but that appears to be the direction we are headed.
Not even close. Gonna be the economy Obama inherited soon.
more debt, more share price for rich,at the end ,who pay the debt? poor
Fake, fake, fake:and toxic news! Against trump!
CNBC WTF were you under a rock for 8 years
Maybe because it's actually the same economy you're talking about
Yes except for the incredible debt that is being built up to support this economy!
The Obama Recovery didn’t need “gas on the fire”, ie, TCJA. Instead for growth in the real economy, we’ve got an asset bubble in which the rich have got richer. Even the TX Rep. who spearheaded TCJA has admitted things haven’t gone as projected. It was a scam from the getgo.
And CNBC said the Obama economy was fine though
What a joke !
Fake news
It’s Neither Nor.. They both are First Class.. So it’s “Coaches Economy”. Batter..UuP
Maybe that's because the economy is more independent from the president than we all like to pretend
Uncomparable
What’s your point? Isn’t there someone on the floor of the NYSE pulling their hair out and making a goofy face that you can go and photograph?
I’m confused. First we were told it wasn’t Trumps economy it was Obamas, now its Trumps economy but looks like Obamas?
tax cut in pure loss and deficit surge