chief U.S. economist

  • DONALD TRUMP Jun 28, 2019

    US Economy Grew at Solid 3.1% Rate in First Quarter

    The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross domestic product, the broadest measure of economic health, was unchanged...

  • DONALD TRUMP Mar 6, 2019

    US Trade Deficit Hits 10-Year High Despite Trump's Promise

    The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decade-long high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion. The Commerce Department figures released Wednesday undermined a key commitment by President Donald Trump, who promised to cut the...

  • United States Sep 26, 2018

    After a Lull, New-Home Sales Up 3.5 Percent in August

    Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 629,000 last month. The pace of sales were revised downward for July and June. Sales of new homes...

  • DONALD TRUMP May 30, 2018

    US Economic Growth Revised Down to 2.2 Percent Rate in Q1

    The U.S. economy grew at a weaker 2.2 percent annual rate in the first three months of the year, as consumers and businesses slowed their spending. But given the economy’s recent performance, analysts are still looking for a solid rebound in the current quarter. Growth in the gross domestic product, the economy’s total output of goods and services, came in...

Contact Us