You Searched For "Jason Furman" and got 20 results
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2 mins read
A former top Obama economist doesn't think Russia's invasion of Ukraine will cause a recession in the US
"I'm not much higher than 20%," Jason Furman said of the probability of a recession, adding he thou…
Joseph Zeballos-Roig
6 mins read
Why so many men in the US have stopped working
Men aren't working at the same rate they did in decades past. We asked two economists to help us fi…
Jacob Zinkula,Andy Kiersz
2 mins read
Treasury Secretary Janet Yellen trashes minting a $1 trillion coin as solution to debt-ceiling crisis as US inches toward default
It's a legal solution that's gained some momentum to prevent a US default, but Yellen called it a "…
Joseph Zeballos-Roig
2 mins read
4 reasons Congress should permanently expand $300 monthly child tax credits, according to more than 400 economists
Democrats are clashing over how to include the Biden benefit in their $3.5 trillion social spending…
Ayelet Sheffey,Joseph Zeballo…
3 mins read
Over 100 economists urge Democrats to include affordable childcare in their $3.5 trillion spending plan
"The costs of dropping out of the labor force in order to care for your kids are very, very high fo…
Joseph Zeballos-Roig,Ayelet S…
2 mins read
AOC rips inequality, highlighting the time it takes for a normal family to double their income: 100 years
From 1943 to 1973, the typical American family would double its income every 23 years, not a centur…
Juliana Kaplan
2 mins read
The July jobs report was so good it cut 4 months off the pace of the economic recovery
The economy was on track to recover all its lost payrolls by June 2022 last month, but at the curre…
Ben Winck,Andy Kiersz
2 mins read
School closures and elderly COVID fears more to blame for labor shortage than unemployment benefits, UBS says
A note from UBS economists suggests that schools shuttering and older people fearing a return to wo…
Juliana Kaplan
2 mins read
Obama's former top economist outlines 5 factors that are likely keeping people from returning to work
"It's going to be complicated and messy" for the economy to get back on track after the yearlong pa…
Joseph Zeballos-Roig
2 mins read
Americans' personal income shot up 21.1% in March, a record dating back to at least 1946
"Incomes soared as a result of the stimulus payments made under the March relief bill," said one ec…
Carla Mozée
1 min read
Economists are divided about how bad inflation is going to get. Here are the 10 loudest voices on both sides of the issue.
In one corner, economists and politicians argue they have learned lessons from the slow growth that…
Ben Winck
2 mins read
Paul Krugman and Mohamed El-Erian are divided over the Fed's inflation target ahead of Powell's speech
Paul Krugman thinks the Federal Reserve should change its inflation target to 3%, but Mohamed El-Er…
Zahra Tayeb
2 mins read
Asking the Fed to adjust its inflation target would be like waving a Pride flag at a DeSantis rally, Paul Krugman says
Central bankers' reactions to suggestions for a higher inflation target is similar to what "you'd g…
Joseph Wilkins
9 mins read
Obama's former top economist tells us why it made 'no sense' for the GOP to pause stimulus spending — and breaks down what should be in the next aid package
Jason Furman says Republicans made a mistake in assuming the economy would recover on its own witho…
Joseph Zeballos-Roig
3 mins read
A bipartisan group of top economists are proposing to enact up to $400 in additional weekly unemployment benefits past the end of July
The proposal from the Economic Strategy Group also calls for ramping up aid to states and businesse…
Joseph Zeballos-Roig
3 mins read
McCarthy and Biden's debt-ceiling deal could hurt student-loan borrowers and people on food stamps and cost some Americans their jobs
After months of stalemate, Biden and McCarthy finally reached a debt-ceiling deal. It needs to be s…
Hannah Getahun,Ayelet Sheffey
2 mins read
Democrats could defuse the GOP's biggest fiscal threat next year by raising the debt ceiling to a ludicrously high number
We're currently headed into yet another debt ceiling fight next year. There's a simple way Democrat…
Andy Kiersz
2 mins read
Why most Americans' jobs aren't at risk of the kind of mass layoffs we saw in the last 2 downturns, despite big cuts at places like Twitter and Meta
Twitter and Meta's layoffs don't mean you're about to lose your job.
Jacob Zinkula
3 mins read
Americans think California and Florida-style stimulus checks and Biden's student-debt relief make inflation worse but they want them anyway
Even though they worry government spending is a main cause of inflation, Americans want the stimulu…
Jacob Zinkula
3 mins read
California could 'export inflation' to the rest of the US when it sends up to $10 billion in relief payments this October, a Harvard economist says
Harvard's Jason Furman said California's $10 billion in inflation relief checks could help Californ…