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Stephen Moore to Newsmax TV: 'Smooth Sailing' on Economy

stephen moore sits at a desk and answers reporters' questions
Stephen Moore (Tom Williams/AP)

By    |   Wednesday, 05 February 2020 05:35 PM

Stephen Moore, the Heritage Foundation's chief economist, told Newsmax TV there is nothing negative to say about the U.S. economy.

The U.S. economy has hit record-highs across the board, Moore told Wednesday's "National Report."

"You got the lowest unemployment rate in 50 years for everyone, including minorities," Moore said. "You have 7 million job openings in the country, more than at any given time in American history, lowest interest rate in 50 years, lowest inflation rate in 50 years, highest wage gains in 20 years.

"So, it's a blockbuster economy, hard to find much to complain about, especially as the stock market surges back over 28,000. It's a good picture; it's a very solid picture."

He added, "with the two trade deals done that Trump talked about in his State of the Union speech, the Canada-Mexico deal and the China deal, it looks a lot like smooth sailing."

Moore said the one thing that worries him is "the rest of the world is not growing."

"We're growing and they're not, and that makes it hard for the U.S. to hit that 3% to 4% growth mark that Trump is shooting for," he said, adding "it is a global economy, and if we're the only ones growing, basically the United States is carrying the rest of the world on its shoulders."

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There is nothing negative to say about the U.S. economy, according to Stephen Moore, the Heritage Foundation's chief economist, on Newsmax TV on Wednesday.
stephen moore, economy, stock market, jobs, wages, growth, global economy
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2020-35-05
Wednesday, 05 February 2020 05:35 PM
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