The U.S. Economy Is Growing, but Faces Much Uncertainty
A quarterly look at an economy that keeps growing while becoming more K-shaped.
In a quarterly review for the Council on Foreign Relations, written with Maximilian Hippold, Roger finds that the U.S. economy keeps growing but is becoming more K-shaped.
That makes consumer spending uneven and hard to predict, and the authors read it, along with other data, as a sign the economy could turn fragile.
