Trump administration says the US has entered a new era of economy Economists disagree
Home Economy Status: 07.08.2026, 18:17 Comments Us on Google follow Finance Minister Scott Bessent said he was “sick of hearing” that..
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Summary
Zandi argued that the difference in spending between the top 20 percent of earners and the bottom 80 percent, as shown in Federal Reserve data, “overwhelmingly proves that the economy is K-shaped and increasingly becoming K-shaped.”. US President Donald Trump’s finance minister has dismissed concerns that low-income earners are being left behind by their wealthier fellow citizens, and believes that the notion of a “K-shaped” economy has largely faded thanks to the incumbent president’s agenda.
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Zandi argued that the difference in spending between the top 20 percent of earners and the bottom 80 percent, as shown in Federal Reserve data, “overwhelmingly proves that the economy is K-shaped and increasingly becoming K-shaped.”.
according to Frankfurter Rundschau +1US President Donald Trump’s finance minister has dismissed concerns that low-income earners are being left behind by their wealthier fellow citizens, and believes that the notion of a “K-shaped” economy has largely faded thanks to the incumbent president’s agenda.
according to Frankfurter Rundschau +1
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