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The Latest Breaking News from Jason Furman

Fed President Wants Higher Rates — Job Market Says ‘Not So Fast’

Federal Reserve Bank of Minneapolis President Neel Kashkari is emerging as a top proponent of higher interest rates.

Benzinga

On China, Trump picked the right battle but the wrong strategy

A long trade war looms. Trump’s scattershot protectionism, chaotic tariffs and belligerence against our natural allies guarantees that US trade policy will remain a hot mess

The Guardian - US

Harvard University may limit number of A grades awarded to students

Harvard University faculty are voting on a proposal to limit A grades to 20% of students, aiming to curb grade inflation. This move, driven by concerns over declining academic standards and political attention, could influence other elite institutions. While supporters cite a devaluation of academic achievement, students strongly oppose the…

The Economic Times

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Criminal investigation into Fed chair Powell has ‘reinforced’ concerns over independence, Goldman Sachs warns, as dollar weakens – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Wages are actually growing faster than inflation. Here’s why you don’t believe it

“I’m less convinced about this K-shaped recovery than other people are,” Harvard's Jason Furman says. But look at the bottom of the scale.

Fortune

Obama’s former top economic advisor says he feels 'a tiny bit bad' for Trump because gas prices are low, but consumer confidence is still plummeting

“Consumers are just in this, whatever the highest price is, is the price they're going to focus on,” Harvard professor Jason Furman said.

Fortune

Why the economy has that ‘weird feeling of something you like getting worse’: One of America’s top legal theorists on ‘the age of extraction’

“My understanding of America is that it’s the place where things are supposed to get better,” Columbia Law School’s Tim Wu told Fortune.

Fortune

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'Is AI hurting growth?' Top analysts say their clients are starting to worry as the 3-year bull market shows its age

“It seems you can’t go anywhere without talking about AI,” says Aditya Bhave, senior U.S. economist at Bank of America Research.

Fortune

Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says

Is a U.S. without data centers a country without GDP growth?

Fortune

Trump's 'Sock Puppet' At The Fed, Says Elizabeth Warren On Stephen Miran's Dissenting Vote: 'Intended To Send A Signal,' Says This Economist

Federal Reserve Governor Stephen Miran's dissent during Wednesday's FOMC meeting has drawn mixed reactions from economists and politicians alike.

Benzinga

Anthony Scaramucci's Cryptic Warning: Trump Following Same Playbook As Iran's Fallen Shah?

Former White House communications director Anthony Scaramucci ignited a storm of speculation Wednesday after posting a pointed historical reference many saw as a jab at President Donald Trump.

Benzinga

Trump's 15-20% Coffee Tariff Targeted By Bipartisan Bill: Ro Khanna Says 'Tax On Americans At The Start Of Their Day' Must Go

Rep. Ro Khanna (D-Calif.) has announced plans to introduce bipartisan legislation aimed at repealing President Donald Trump’s tariffs on imported coffee, saying that the current policy drives up costs for U.S. consumers.

Benzinga

My New Boston Globe Article on Why Massachusetts Should Reject Rent Control, and Instead End Exclusionary Zoning

Rent control would only make the housing crisis worse. Zoning reform would make things better.

Reason

After firing his predecessor for speaking the truth, Donald Trump picks ‘extreme partisan’ to parrot what the administration says

You say what the white house wants, or you're out.

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Benzinga

Economists Call Trump's BLS Pick 'Completely Unqualified' For The Job: '...Does Not Have Any Relevant Expertise'

President Donald Trump's nomination of Dr. EJ Antoni to lead the Bureau of Labor Statistics (BLS) is facing swift and intense backlash from prominent economists, who are questioning his qualifications and citing a record that includes only one citation for his academic work.

Al Jazeera

Trump names conservative economist to lead labour statistics agency

US president’s nomination comes after firing of agency head raised concerns about integrity of US government statistics.

Benzinga

Labor Statistics Commissioner Fired Over 'Faked' Jobs Numbers—But Economists Warn the Real Threat Could Be To Market Trust

President Donald Trump‘s swift firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on August 1 sent ripples through financial markets already reeling from disappointing employment data. The decision, announced just hours after July’s lackluster jobs report, has economists warning about a dangerous precedent that could undermine one of America’s…

Reason

Firing the Data-Collectors

Plus: IVF about-face, Corporation for Public Broadcasting to shut down, and more...

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Benzinga

Economists On June CPI Numbers: 'The Absence Of Bad News Is Good News' — But Fed 'Unlikely To Sway' On Interest Rates

Leading economists react to June’s Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures.

The Guardian - US

Trump takes on the Fed – but he has little power over central bank, economists say

President has savaged Federal Reserve chair Jerome Powell for not lowering interest rates, but he can’t easily fire him

Benzinga

This Obama Economist Just Called Out a Math Problem That Could Derail Trump's Debt Promise—And the Clock Is Ticking

Former Obama economic advisor Jason Furman just dropped a reality check that should have every investor paying attention to Washington’s fiscal math. In a pointed social media post, the Harvard economist highlighted a glaring problem with the Trump administration’s promise to lower the debt-to-GDP ratio by at least 3 percentage…

Reason

Obama Adviser Jason Furman on Biden, Neoliberalism, and Keynesian Economics

"I would love an intellectual ecosystem in economics that was more ideologically balanced than what we have now," the Harvard professor tells Reason.

Fortune

Trump calls emptying U.S. ports a 'good thing' despite supply-chain panic because 'that means we lose less money'

The president has repeatedly claimed the U.S. has a $1 trillion trade deficit with China, though economists argue a trade deficit isn’t inherently negative.

Reason

Jason Furman: Why Everyone Is Wrong About the Economy

Former Obama administration economic adviser Jason Furman explains why both major parties have abandoned economic reality in favor of political fantasy.

Fortune

Treasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since 'Liberation Day' to talk trade

“Trying to negotiate individual trade agreements with 70 (or more) countries is difficult and will take time,” a research fellow for a libertarian think tank said.

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