Eight months into Trump 2.0, the economy is great for the top 10% and meh for everyone else

We're about eight months into Donald Trump's second term, a victory driven in large part due to voter frustration with the economy and their belief that he would help get inflation down. So what does the economic picture look like today? That's not as easy a question to answer as you would think.Stock market set record highs, but consumers remain pessimistic about inflation. The tariffs implemented by the Trump administration haven't caused the kinds of economic damage many economists predicted they would, yet it's also clear that tariffs are impacting economic decision making in ways that aren't altogether obvious. And then there's AI. If you work for or invested in a company making AI, you're doing great.But what about those folks, especially new graduates entering the workforce who are being displaced by the new technology?Thankfully, we found someone to help us better understand this moment. Heather Long is chief economist at Navy Federal Credit Union and a contributing columnist for The Washington Post. She's not only super smart, but she can make very confusing and complicated subject like this one understandable and approachable.We recorded this conversation on Wednesday, September 24th. Check out our CPR 2025-2026 Redistricting Tracker: https://www.cookpolitical.com/analysis/house/redistricting/2025-2026-redistricting-tracker-how-many-seats-could-flip-0You can watch part of the conversation our YouTube channel: https://www.youtube.com/@thecookpoliticalreportSign up for our free weekly newsletter, In Brief: https://www.cookpolitical.com/in-brief-sign-upInterested in subscribing to CPR? Go to: www.cookpolitical.com/subscribe.Listeners can use the discount code"ODD10" to save 10% on any subscription. This offer is available only to new subscribers.