Trillions

Recently, when European Union officials visited Washington, they were met with an eye-opening presentation from Jerome Powell, the Chair of the US Federal Reserve. He showcased a striking chart that compared American productivity over four decades against that of the European Union. This graph illustrated that the United States has enjoyed a solid increase in productivity at 2%, while the European Union lagged behind with just 1% growth. As Mr. Powell shared with a Senate committee, "The striking disparity in income and…