Peter St Onge Podcast Ep 156 Weekly Roundup: Best December Ever for American Jobs
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Jan 19, 2026 December saw a hiring boom, making it the best month for American jobs. Trump plans to restrict Wall Street's influence on home buying, raising questions about housing prices. Jerome Powell faces a subpoena, revealing tensions around Fed independence. Meanwhile, surprising GDP growth suggests the U.S. is outpacing China. The discussion highlights critical affordable housing challenges and urges congressional action to address them effectively.
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Best December Ever For Native Jobs
- December delivered the strongest job improvements for native-born Americans, reversing earlier weak headlines.
- Private-sector wage growth and U6 improvements signal healthier labor market fundamentals.
Institutional Homebuying Restricts Supply Pressure
- Trump plans to ban institutional homebuying to lower house prices and boost ownership.
- The ban may trim prices modestly but could raise rents and mainly helps buyers with down payments.
Push Deregulation To Lower Housing Costs
- Reduce housing costs by cutting regulatory burdens like zoning and costly building mandates.
- Congress and local governments must deregulate construction to materially improve affordability.