President Trump spent 20 months saying the U.S. economy was about to boom, but August's jobs report upset him.
川普總統花了20個月宣稱美國經濟即將繁榮,但八月的就業報告卻讓他感到不滿。
The report showed 162,000 new jobs, which beat expectations. But in the Oval Office, Trump criticized inflation and interest rates, and rejected the idea that job growth causes more inflation.
報告顯示新增16.2萬個就業機會,超出預期,但川普在橢圓形辦公室批評通膨和利率,反對「就業增長會加劇通膨」的觀點。
He said, "Success doesn't cause inflation; stupidity does."
他說:「成功不會導致通膨,愚蠢才會。」
He called the stock market's drop over inflation worries "crazy."
他認為股市因通膨擔憂下跌是「瘋狂的」。
In his second term, slower hiring and rising prices troubled Trump, and his promised "Trump economic boom" has not happened yet.
第二任期內,招聘放緩和物價上漲困擾著川普,他承諾的「川普經濟繁榮」尚未實現。
The current annual economic growth rate is about 2%, lower than during the Biden administration.
目前年經濟增長率約為2%,低於拜登政府時期。
Trump blamed the weak growth on higher interest rates for government debt, and he threatened to stop trade with foreign countries.
川普將增長乏力歸咎於政府債務利率上升,並威脅停止與外國貿易。
The national debt has passed 40 trillion dollars, and the ten-year Treasury yield rose to 4.79% on Friday.
國債已超過40兆美元,十年期國債殖利率在週五升至4.79%。
Trump's economic approval rating was only 32% in mid-summer, far below the 50% before the 2018 midterm elections.
川普的經濟支持率在夏季中期僅為32%,遠低於2018年中期選舉前的50%。
His threat to cut off foreign trade could endanger growth. Tariffs on Canada have already affected Republican support in some states.
他威脅切斷外貿可能危及增長,對加拿大徵收關稅已影響部分州的共和黨選情。
White House officials say the policies are working. They expect artificial intelligence to raise productivity and tariffs to bring back factory jobs.
白宮官員則表示政策正在發揮作用,預期人工智慧將提高生產力,關稅將帶回工廠工作。
Economists point out that growth alone cannot solve the debt problem.
經濟學家指出,僅靠增長難以解決債務問題。
If the Federal Reserve cuts interest rates, inflation could get worse.
若聯準會降息,可能使通膨更嚴重。
Treasury Secretary Bessent said he is working with the White House budget director to announce a plan to reduce debt and the deficit.
財政部長貝森特表示,正與白宮預算主任合作,宣布降低債務和赤字的計畫。
But cutting spending or raising taxes could bring political pain.
但削減支出或增稅可能帶來政治痛苦。
RSM US chief economist Brusuelas stressed that the government needs a period of slower spending growth to calm financial markets.
RSM US首席經濟學家布魯蘇拉斯強調,政府需要經歷支出增長放緩的時期,才能安撫金融市場。