FIRST AIRED: February 2, 2019

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00:00:00
we're doing fantastically well president trump on Friday touted the strong January jobs report as evidence his economic policies have been a success and the federal reserve's announcement to put interest rate hikes on hold might seem like just what the White House ordered but the trump administration may not want to celebrate just yet we're very honored as some economists view the fed's abrupt policy shift as a sign of possible trouble ahead for the US economy Reuters correspondent Jonathan Spicer the fed is basically putting a lot of pieces together a lot of risks together and saying that those risks are just too much right now %HESITATION there too many cross currents as chair Powell put it a to keep hiking interest rates growth has slowed in some major foreign economies particularly China and Europe he wants to see things like how brexit %HESITATION finishes up %HESITATION in Europe also how the slow down continues or perhaps rebounds in Europe he also wants to see the resolution to the East China U. S. trade talks at the biggest potential question mark overhanging the world economy and financial markets and of course we still have this pending potential government shut down two point oh %HESITATION if Congress and the White House can't figure out on a budget for this year the fed and many economists have also warned trump's tax cuts and spending policies would only provide the economy with a short term boost and the fed's decision to hit the pause button on rate hikes we might adjust our plans could be a signal that the so called sugar rush has begun losing steam