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On Twitter, Glassdoor senior economist Daniel Zhao called the disconnect between the rising number of people newly filing for unemployment and the almost static number of ongoing claims "weird."
Federal Reserve Governor Christopher Waller called the disparity between growing employment and shrinking output "odd," and the divergence of income and output data "a puzzle" in a recent webinar.
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Even Federal Reserve Chair Jerome Powell sounded somewhat baffled in a central banker economic forum in Portugal last month. "I think we understand better how little we understand about inflation," he said.
With all of this head-scratching by the experts, it's no wonder ordinary Americans are feeling anxious, exhausted or dispirited — or all three.
On Twitter, Glassdoor senior economist Daniel Zhao called the disconnect between the rising number of people newly filing for unemployment and the almost static number of ongoing claims "weird."
Federal Reserve Governor Christopher Waller called the disparity between growing employment and shrinking output "odd," and the divergence of income and output data "a puzzle" in a recent webinar.
*
Even Federal Reserve Chair Jerome Powell sounded somewhat baffled in a central banker economic forum in Portugal last month. "I think we understand better how little we understand about inflation," he said.
With all of this head-scratching by the experts, it's no wonder ordinary Americans are feeling anxious, exhausted or dispirited — or all three.
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