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Jason Furman on the Economy: Where Are We Now—and Where Might We Be Going?

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Manage episode 379494958 series 1332717
Content provided by Conversations with Bill Kristol and Bill Kristol. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Conversations with Bill Kristol and Bill Kristol or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What is the state of the economy today? To discuss, we are joined, again, by Harvard economist Jason Furman, who was deputy director of the National Economic Council during the Financial Crisis and then served as Chairman of the Council of Economic Advisers in President Obama’s second term.

In this Conversation, Furman highlights a significant paradox of the current moment. On one hand, important indicators point to a reasonably strong economy: inflation has been slowing, wages have been rising, and unemployment remains low. On the other hand, Americans remain frustrated about prices and concerned about the future. To Furman, this disconnect speaks to the inability of the data to capture fully the psychological aspects of how inflation and other factors in the economy affect expectations. Furman also shares his concerns about a possible debt crisis if the US cannot get its fiscal house in order.

  continue reading

504 episodes

Artwork
iconShare
 
Manage episode 379494958 series 1332717
Content provided by Conversations with Bill Kristol and Bill Kristol. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Conversations with Bill Kristol and Bill Kristol or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What is the state of the economy today? To discuss, we are joined, again, by Harvard economist Jason Furman, who was deputy director of the National Economic Council during the Financial Crisis and then served as Chairman of the Council of Economic Advisers in President Obama’s second term.

In this Conversation, Furman highlights a significant paradox of the current moment. On one hand, important indicators point to a reasonably strong economy: inflation has been slowing, wages have been rising, and unemployment remains low. On the other hand, Americans remain frustrated about prices and concerned about the future. To Furman, this disconnect speaks to the inability of the data to capture fully the psychological aspects of how inflation and other factors in the economy affect expectations. Furman also shares his concerns about a possible debt crisis if the US cannot get its fiscal house in order.

  continue reading

504 episodes

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