The US economy grew at a slower-than-expected rate of 1.6% in the first quarter, prompting speculation about interest rate cuts. While inflation has slowed, the Federal Reserve remains cautious and is unlikely to adjust rates imminently. Despite concerns, the job market and consumer spending continue to support economic resilience, suggesting that a recession is not imminent.
If you would like more context on this matter, please consider Steven Hamilton, an Assistant Professor of Economics at The George Washington University. His primary area of research is public finance, where he studies the effects of taxes on behavior with a view to designing better tax policy. In recent research, he investigates the degree to which taxpayers should be allowed to claim tax deductions by measuring the extent to which taxpayers use deductions to avoid paying taxes.
If you would like to connect with Prof. Hamilton, please contact GW Media Relations Specialists Tayah Frye at [email protected].
-GW-