Marketplace All-in-One Special Coverage from Marketplace: Selling America
Apr 20, 2025
Catherine Ann Edwards, a labor economist and policy consultant, dives into the complexities of America's shifting economic landscape. She discusses how recent trade policies and tariffs are reshaping the labor market and consumer behavior. The conversation covers the challenges small businesses face, particularly in relation to tariffs on imports, and the anticipated shifts in manufacturing jobs. Edwards emphasizes the need for new training programs to adapt to evolving job demands, highlighting the delicate balance between global trade and local economy.
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Tariffs Threaten Fed Credibility
- Trump's tariffs raise inflation temporarily and challenge the Fed's credibility.
- Destroying institutions risks long-term economic harm beyond just tariffs.
Dollar's Reserve Status Endures
- The US dollar remains the world's reserve currency due to entrenched global reliance.
- No viable alternative currencies exist currently, preserving dollar demand despite weakness.
Small Biz Battles Supply Chain Chaos
- Wesley Rule faces inventory and price challenges due to tariff-induced trade disruptions.
- His business struggles with costly supply chain choices amid uncertain trade relations.