The Latest Breaking News from Justin Wolfers

As the U.S. government heads into another shutdown, prominent economists are weighing in with their takes, offering fresh warnings while expressing their frustrations.

Sen. Rand Paul (R-KY) on Sunday drew on historical economic principles to criticize modern tariffs, linking them to the foundational American resistance to taxation without representation.

The U.S. Department of Agriculture under President Donald Trump is ending the annual survey on hunger, known as the Household Food Security Report, calling it “overly politicized.” This comes just months after the administration cut food stamp benefits for millions of low-income Americans.

Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.

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

Leading economists are reacting to the Federal Reserve’s decision to cut interest rates by 25 basis points on Wednesday, with some lauding the central bank’s independence, and others warning of difficult times ahead.

The U.S. economy experienced inflation acceleration in August, which was largely in line with market expectations, sparking a debate as President Donald Trump declared “No Inflation!!!” on social media. That claim was promptly challenged by economist Justin Wolfers, who asked, “No inflation? Says who?”.

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Economist Justin Wolfers is sounding the alarm on the potential for stagflation, warning that proposed tariffs could inflict a painful combination of slowing growth and rising prices on the U.S. economy.