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with the unemployment rate rising from 4.4% to 14.7%. chicago white sox rise with us full printing ugly sweater The wider measure of unemployment (U-6) which includes those unemployed but not actively looking for work and

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Further, the number of children under age 19 without health insurance increased by 425,000 from 2017 to 2018, mainly due to a decline in public coverage. chicago white sox rise with us full printing ugly sweater President Trump also sought to enlist the aid of the U.S. Federal Reserve in supporting his attempts to stimulate the economy. Initially, Fed officials hinted in December 2016 that fiscal policy stimulus (i.e., tax cuts and increased government spending) in an economy already near full employment and growing near its maximum sustainable pace of around 2%, might be counteracted by tightening monetary policy (e.g., raising interest rates) to offset the risk of inflation. To paraphrase a former Fed chairman, “The Fed’s job is to take away the punch bowl just when the party gets going.”

However, after raising rates through 2018, in 2019 the Fed reduced interest rates several times, citing the related issues of a global economic slowdown and Trump’s trade policies. President Trump often criticized the Fed for raising interest rates during his tenure, although he also criticized the Fed for keeping rates low during President Obama’s administration. Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act on March 27, which funded increased unemployment insurance amounts and duration, loans and grants to businesses, and funding for state governments. The 128-month (10.7 year) record economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession. Pandemic concerns and mitigation measures resulted in over 40 million people filing for unemployment insurance the weeks of March 21-May 28. The number of unemployed persons jumped from 7.1 million in March 2020 to 23.1 million in April 2020,