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Fed's Schmid: Last year's FOMC dissents were not done lightly
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Just in | IMF Report: US Job Growth Predicted to Fall Below Pre-Pandemic Levels Amid Slowing Population Growth. Just in | IMF Review Projects US Core Personal Consumption Expenditures to Hit 2% by Early 2027 United States of America: Staff Concluding Statement of the 2026 Article IV Mission U.S. policymakers have embarked on a systemic reorientation of the U.S. economy with the overarching goal to increase economic self-reliance and, in doing so, to boost the living standards of American workers. This has manifested in efforts to increase domestic manufacturing capacity; reduce the trade deficit and the U.S.’s reliance on foreign-produced goods; increase domestic energy output; reduce the reliance on unauthorized immigrant workers; and reduce the federal government’s role in the economy. The 2026 Article IV consultation focuses on the macroeconomic effects of the shift in policies undertaken in 2025 and their impact on the U.S., on trading partners, and on the global economy more broadly.
United States of America: Staff Concluding Statement of the 2026 Article IV Mission U.S. policymakers have embarked on a systemic reorientation of the U.S. economy with the overarching goal to increase economic self-reliance and, in doing so, to boost the living standards of American workers. This has manifested in efforts to increase domestic manufacturing capacity; reduce the trade deficit and the U.S.’s reliance on foreign-produced goods; increase domestic energy output; reduce the reliance on unauthorized immigrant workers; and reduce the federal government’s role in the economy. The 2026 Article IV consultation focuses on the macroeconomic effects of the shift in policies undertaken in 2025 and their impact on the U.S., on trading partners, and on the global economy more broadly.
