Posted by quá đi! (136..148.34) on March 21, 2025 at 03:07:06:
In politics, the vibes are everything. They cost Biden’s successor the election and helped Trump throw the Democrats out of power. But as the "vibecession" taught us, we will complain about prices and jobs while spending big and going to work.
Fed Chair Jerome Powell demonstrated this week that the political lesson of the vibecession isn't to shove economic data into people's faces and expect them to change their minds.
But the takeaway also isn't to downplay solid indicators just to placate a negative mood. There's a way to acknowledge public perception — and even validate it — while also waiting on more objective metrics to tell a more complete story. Something to keep in mind as we get March's reading of the Consumer Confidence index on Tuesday.
Your gripes are real, Powell seemed to say, but in the new context of an economic slowdown and tariff inflation, where fear of the unknown is driving panic, they can also be a distraction.