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FYI: Most economists will not even begin to ascribe credit or blame to a POTUS for an economy until a minimum of 18 months after they were inauguration when they truly have control of various policy levers and not what they inherited.

FYI #2: The mandate of the Federal reserve is for "full" employment and price stability; this means unemployment below 2.5% & headline inflation at/under 2%. (Includes volatile food & energy).

The Fed is closing out 2024 with a strong economy, inflation that is fading (albeit slowly), and a resilient job marketAs the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.

The Federal Reserve cut interest rates for the third time in 2024, and forecast half of a percentage point worth of rate cuts next year, suggesting that officials will make two quarter point reductions. Fed officials also lowered their forecasts for unemployment in 2025, and revised their forecasts for inflation in 2025 to 2.5 percent. That’s up from 2.1 percent when they last released them in September

As the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.