U.S. Economy Faces Challenges Amid Rising Oil Prices

U.S. President Donald Trump's ally, EJ Antoni, who was nominated by Trump to lead the U.S. Bureau of Labor Statistics, has issued a warning regarding the fragility of the American economy. According to Ming Pao, Antoni, who is the chief economist at the conservative think tank Heritage Foundation, expressed concerns that the U.S. economy is too weak to withstand oil prices reaching $100 per barrel. He highlighted that the ongoing conflict involving Iran could lead to increased consumer prices. Antoni described the U.S. economy as weaker than anticipated, with inflation being more severe than expected.