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Obama-Era Economist Jason Furman Says Trump Tariffs 'Now Higher & More Inflationary' Than Announced: Raising China Levies Outweighs 90-Day Delay On Others
Wednesday, April 9, 2025 - 11:03pm | 676Jason Furman, who served as Chairman of the Council of Economic Advisers under 44th President Barack Obama from 2013 to 2017, warned that U.S. tariffs have reached their highest levels in over a century and could prove more inflationary than initially anticipated, just as markets speculate about...
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Palantir Technologies Shares Are Up Today: What's Going On?
Monday, March 24, 2025 - 4:11pm | 412Palantir Technologies Inc. (NASDAQ:PLTR) is continuing its strong upward trajectory Monday driven by increasing investor confidence in its AI capabilities and government contracts. What To Know: CEO Alex Karp's latest book, “The Technological Republic,” sparked debate, with Harvard...
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Palantir CEO Alex Karp's 'Technological Republic' Vision Faces Harvard Economist's Critique: 'Contemptuous Of Markets'
Sunday, March 23, 2025 - 11:44pm | 725As Palantir Technologies Inc. (NYSE:PLTR) stock soars 20.97% year-to-date, Harvard professor and economist Jason Furman has delivered a measured critique of CEO Alex Karp‘s new book, arguing it prioritizes cultural solutions over concrete policy recommendations. What Happened: Furman wrote on...
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Trump's 25% Tariffs A 'Self-Inflicted Wound,' Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You'll Pay More For Cars And Homes (CORRECTED)
Monday, February 10, 2025 - 9:55pm | 924Editor's Note: A typographical error in the headline of this story has been corrected. Leading economists criticized former President Donald Trump‘s plan to reimpose 25% tariffs on metal imports, while U.S. steel stocks rallied sharply during Monday’s trading session amid expectations...
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Elon Musk's Daily $4 Billion DOGE Target Will Lead To 30% Cut In Federal Spending, Says Economist Jason Furman
Monday, February 3, 2025 - 1:41am | 581Former White House Council of Economic Advisers Chair Jason Furman has pointed out potential discrepancies in Tesla Inc. CEO Elon Musk‘s recent claims regarding federal spending reductions and the proposed fiscal targets. What Happened: In a response on X to Musk’s statement about...
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Trump's Victory, Powell's Stand, And Furman's Inflation Warning Stir Markets: This Week In Economics
Saturday, November 9, 2024 - 7:02am | 572The past week has been a whirlwind of economic and political events. From the Federal Reserve’s rate cut to the re-election of Donald Trump, the landscape of the U.S. economy has been significantly shaped. Here’s a quick recap of the top stories that made headlines over the weekend....
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Obama-Era Economist Jason Furman Warns Fed's Inflation Outlook May Be Too Optimistic — Peter Schiff Slams Powell's Strategy Amid National Debt Concerns
Thursday, November 7, 2024 - 10:28pm | 766Leading economists offered contrasting views on Thursday after the Federal Reserve’s 25-basis-point rate cut, with some warning of persistent inflation risks while others supported the central bank’s gradual easing approach. What Happened: Jason Furman, a key figure in 44th U.S....
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IMF's Gita Gopinath, Paul Krugman And Other Economists Hail Nobel Prize Win For Acemoglu, Johnson, And Robinson: 'Made Cool Again The Study Of Institutions'
Monday, October 14, 2024 - 10:42pm | 948Leading economists and policymakers have lauded the decision to award the Nobel Prize in Economic Sciences to Daron Acemoglu, Simon Johnson, and James Robinson for their groundbreaking research on global wealth inequality and institutional impacts on economic development. What Happened: Gita...
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US Banks' $1 Trillion Windfall, CFOs' Election Predictions, And More: This Week In Economics
Sunday, September 29, 2024 - 6:00am | 643The past week has been a rollercoaster ride in the world of finance and economics. From U.S. banks reaping a massive windfall due to high interest rates to CFOs predicting the outcome of the upcoming presidential election and a leading Chinese economist going missing, there’s a lot to catch...
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Ex-Obama Adviser Warns Trump's Promises Could Force Fed To Hike Rates Higher, Cites Threat To Central Bank Independence
Thursday, September 26, 2024 - 4:50am | 620Jason Furman, a key figure in former President Barack Obama’s administration, has penned an opinion piece in The Dispatch warning about potential threats to the Federal Reserve’s independence under a possible second term of Republican presidential candidate Donald Trump. What Happened...
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Both Trump And Harris Hold Undergraduate Degrees In Economics, Says Obama-Era Economist But There Is One Candidate He Favors Over The Other
Monday, September 16, 2024 - 9:41pm | 576The upcoming 2024 presidential race between Donald Trump and Kamala Harris has economists leaning toward Harris’s economic strategies. A recent Wall Street Journal opinion piece by Obama-era economist Jason Furman suggests that Harris’s economic proposals are seen as less risky for the...
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Obama-Era Economist Blasts Trump Tariffs: 'Who Do You Think Is Going To Pay For All The Foreign Tariffs That Are Levied In Retaliation?
Wednesday, September 11, 2024 - 10:38pm | 595Jason Furman, a key figure in 44th U.S. President Barack Obama's administration, raised questions on X regarding the logic behind tariffs. What Happened: The query comes in response to former President Donald Trump's recent pledge to impose tariffs of up to 20% on all imports and up to 60% on...
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'The Penny Drops' — Obama-Era Economist Says One Of His Failures In Government Was Not Getting Rid Of The Coin
Sunday, September 1, 2024 - 9:32pm | 674Jason Furman, a notable economist and former Chair of the Council of Economic Advisers under 44th U.S. President Barack Obama, expressed regret over not abolishing the penny during his tenure, according to a post on X on Sunday. What Happened: Furman said, “One of my (many) failures in govt...
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Obama-Era Economic Advisor Dismisses Recession Fears But Urges Federal Reserve To 'Act In A Very Strong And Decisive Way' If Unemployment Rises
Thursday, August 8, 2024 - 10:07am | 558Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “...
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Economist Justin Wolfers Weighs In On Market Meltdown And Fast Changing Democratic VP Nominee Odds: 'Even A Small Bet Can Lead Prices To Shift Sharply'
Tuesday, August 6, 2024 - 4:19am | 1034Renowned economist and Ford School Professor Justin Wolfers has weighed in on the current market turbulence, attributing significant volatility to fears of insider knowledge and recent Federal Reserve decisions. What Happened: Wolfers took to social media platform X, to discuss the recent market...