President Trump's plans, however, threaten to rekindle inflation.

U.S. job openings fell in December, a sign that the labor market is cooling but still healthy. Openings fell to 7.6 million, from 8.2 million in November, the Labor Department reported Tuesday. They were down from 8.

U.S. job openings dropped sharply in December, but low layoffs suggested that the labor market was not abruptly slowing down.