While the anti-Trump media might be pointing to the economic slowdown, economist Stephen Moore of The Heritage Foundation puts the onus on the Federal Reserve's economist policy amid our "blockbuster economy."
"I'm a little worried about the economy slowing down a little bit, but we still have a blockbuster economy," Moore told "The Cats Roundtable" on 970 AM-N.Y. "If you look at the situation for workers today, it's probably the best jobs market we've had in 50 years. We have seven million more jobs today than workers to fill them. That's an amazing statistic."
Moore was responding to a question from host John Catsimatidis about Friday's disappointing job growth of just 20,000 jobs in Friday's report.
"The latest report shows, the real unemployment rate number – it's called U-6 – that fell to its lowest level in 20 years," Moore said. "So, it's a really good job market out there."
Despite Moore's optimism, he was quick to point the finger at the Fed for being a catalyst for this recent slow down of growth.
"There is this problem of employers finding the skilled workers, but also employers are getting a little bit nervous about where the economy is headed," Moore said. "I'm a big believer that the Federal Reserve is probably the most responsible for the slow down of the economy in this first quarter.
"We saw how they wrecked the economy before Christmas when the stock market fell like 4000 points. And we are still feeling the residual effect of a very very tight money system."
The Fed should have fed the Trump effect instead of stifled it, Moore said.
"If you have a booming economy, you have to provide the dollar liquidity that will let the economy grow," Moore concluded. "It's like providing the oxygen for the economy, and the Fed is not doing that."
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