Overview

• The conservative editorial says blaming Joe Biden and the Federal Reserve for weak data will not work much longer.
• It cites BLS figures showing roughly 27,000 average monthly job gains over the past four months and a 1.2 million rise in people out of the labor force since April.
• The piece highlights Census data showing a $1,040 gain in real median household income in 2024 that was not statistically significant and a $2,060 drop for Black households.
• The Journal says tariffs described as border taxes, along with an immigration crackdown and mass deportations, are undercutting growth and job creation.
• The editorial adds that markets expect the Fed to cut rates as soon as next week and urges the President to drop what it calls anti-growth policies.