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The Latest Breaking News from Justin Wolfers

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.

Benzinga

US To Rectify 'Regrettable' Error In Japanese Tariff Order, Promises To Refund Excess Duties

The U.S. government has pledged to rectify a presidential executive order, which will result in the removal of overlapping tariffs on Japanese goods.

Benzinga

Trump's New EU Trade Deal Labeled 'Bad News' By Economists As Dow Futures Spike Over 150 Points

President Donald Trump’s latest trade deal with the European Union is drawing sharp criticism from several leading economists, who argue that it will disproportionately harm American consumers and businesses.

Benzinga

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Elon Musk's Trillion-Dollar Dream, Tesla's Robotaxi Hype, Trump's Trade Deal And GM's EV Push: This Week In Mobility

The past week has been a rollercoaster ride in the world of business and finance. From Elon Musk‘s ambitious valuation for Tesla Inc. to skepticism over Tesla’s robotaxi, the week was filled with intriguing stories. Let’s dive into the top five stories that made headlines.

Benzinga

Trump's Trade Deal With Japan A Tax On Americans — Economist Says, 'Not Remotely Optimistic' US Auto Companies Will Gain As Toyota And Honda Stocks Rally

Economist Justin Wolfers is pushing back against the narrative surrounding President Donald Trump’s new trade agreement with Japan, arguing that the deal essentially results in a tax increase for American consumers.

Benzinga

Trump's Tariff Threat, Inflation Dynamics And Federal Reserve Updates: This Week In Economy

The past week was a rollercoaster ride in the world of economics and finance. From President Donald Trump’s tariff threats against Russia to the Federal Reserve’s cautious stance amidst rising inflation, there was no shortage of headlines.

Benzinga

TACO Paradox: Justin Wolfers Explains 'New Loop' — Wall Street Is Not Tanking Expecting Trump To 'Chicken Out', But He's 'Not Chickening Out' Because Wall Street Isn't Tanking

As the stock market has been scaling new records despite President Donald Trump‘s ongoing tariff disputes, this expert points out a new “feedback loop” fueled by TACO – ‘Trump Always Chickens Out’ trade on Wall Street that has kept the equities near their all-time highs.

Benzinga

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Tim Cook's New Job Is Keeping Trump 'Happy,' Says Economist Justin Wolfers: 'Innovation Takes A Back Seat To Political Favoritism'

According to University of Michigan economist Justin Wolfers, in recent months, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has been spending far more time managing politics than pursuing new innovations.

Benzinga

Trump Reveals Melania's Role In Toughening His Stance On Vladimir Putin: 'I Go Home, I Tell The First Lady...'

President Donald Trump has credited First Lady Melania Trump for influencing his tougher stance on the Russia-Ukraine conflict.

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.

Benzinga

Trump's '100% Tariff' Threat On 'Almost Nothing' Trade With Russia A Prescription For 'How To Sound Tough But Do Nothing,' Says Economist

President Donald Trump’s latest threat of a 100% tariff on Russia if no peace deal is reached in Ukraine within 50 days is drawing sharp criticism, and even mockery from leading economist Justin Wolfers.

Benzinga

Trump's Brazil Tariffs Imposed Because They Jail 'Insurrectionists,' Says Economist: 'Your Next Coffee Comes With An Insurrection Infusion Fee'

Economist Justin Wolfers is once again attacking President Donald Trump, this time over the latter’s 50% tariffs on imports from Brazil.

Benzinga

TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

The Independent UK

Scott Bessent Never 'Made Time' For Japan's Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?

Economist Justin Wolfers pushed back against President Donald Trump’s 25% tariffs on Japan, despite the latter actively working towards a resolution on the matter.

Benzinga

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Benzinga

Trump's Letters To Japan And Korea Attract Criticism From Economists: Move Demonstrates 'Complete Lack Of Understanding Of Trade'

President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.

Benzinga

If Trump Stays 'Wedded To Low Rates' Idea, US Risks A Turkey-Style Inflation Horror Show: Economist Justin Wolfers Warns

Economist Justin Wolfers is warning that President Donald Trump's fixation on low interest rates could set the U.S. on a nightmarish path, one that increasingly mirrors the unrelenting inflation crisis that has gripped Turkey over the past couple of years.

Benzinga

Bernie Sanders Slams Trump's 'Big, Beautiful Bill' As A Gift For Billionaires: 'The Most Dangerous Piece of Legislation In Modern History'

Sen. Bernie Sanders (I-VT) is once again taking a shot at President Donald Trump’s budget reconciliation bill, dubbed the “One Big, Beautiful Bill.”

Benzinga

Chuck Schumer Slams GOP's 'Big, Beautiful Bill' As 'Flawed': It Guts Healthcare, Kills Jobs To Fund 'Tax Breaks For Billionaires'

Senate Minority Leader Chuck Schumer (D-N.Y.) launched a scathing attack on the Republican Party’s budget reconciliation bill, dubbed the “One Big, Beautiful Bill” for its extensive cutbacks on welfare, alongside tax breaks for the wealthy.

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The Guardian - UK

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

International Business Times UK

US VP Kamala Harris Outlines Plan To Trim Living Costs As It Remains Americans' Top Concern

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

Salon

Food industry pushes back hard on Harris

Harris promised to crack down on “excessive prices unrelated to the costs of doing business” by food suppliers

Salon

Prof: Trump inflation plan will backfire

Trump's “unrealistic and undesirable" plan could blow up the economy, experts warn

WEKU

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

Fortune

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Fortune

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

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