The revisions cover March 2024 through March 2025. While his policies may deliver turmoil in the near future, I don’t understand why most of the discussion here is about Trump. Furthermore, these revisions are at the high end of estimates, so it’s not a complete shock. The Fed and financial institutions must have already had an idea that the job market could be this bad.

This is the reason you should flag every political post here. The discussion quality isn’t getting any better than this

Probably because Trump is currently in power and proudly touting his economic polices as improving things when they are very clearly not.