Tag Archives: Economists

Washington — The Trump administration’s 10% stake in Intel, announced not long after President Trump had called on the chip maker’s CEO to resign, is being criticized by conservatives and some economic policy experts alike, who worry such extensive government intervention undermines free enterprise.  Kevin Hassett, director of the White House National Economic Council, may have fueled those misgivings, telling …

What economists are watching for in tomorrow’s PCE inflation and spending data  MarketWatch The Fed’s Preferred Inflation Gauge, PCE, Is Due Tomorrow. Here’s What to Know.  The Wall Street Journal US Inflation to Edge Up as Powell Shifts on Job Market: Eco Week  Bloomberg.com PCE Inflation Likely Ticked Up in July. That May Complicate the Fed’s Next Rate Decision.  Barron’s Euro Forecast: EUR/USD Recovers …

White House says jobs surging among U.S.-born. Here’s what economists say.  The Washington Post Millions Of American Workers Just Appeared. Why That Might Be A Mirage  Investopedia ‘A multiple-count data felony:’ Trump administration busted for ‘misleading’ job claim  NewsBreak: Local News & Alerts Source link

David Solomon, CEO of Goldman Sachs, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life as a DJ. U.S. President Donald Trump criticized Goldman on Tuesday …

People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of Tuesday’s fairly benign consumer price …

“Utterly unqualified”: Trump BLS pick gets panned by conservative economists  Axios Trump’s pick for BLS commissioner floated suspending the monthly jobs report before apparently backing off  CNN Trump nominates conservative economist to head agency that compiles jobs, inflation data  AP News Trump Advisers Consider Changes to How Government Collects Jobs Data  The Wall Street Journal Trump nominates Bureau of Labor Statistics critic to replace …

US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say  Bloomberg.com Trump said foreign countries would ‘eat’ tariffs—but U.S. consumers and businesses will actually pay 75% at best  Fortune Will US inflation numbers withstand pressure from Trump?  Financial Times Bad news for US shoppers: The cost of everything from laptops to cars is likely to keep rising  Business Insider Everyday Economics: CPI takes …

Some economists are cautioning that President Trump’s sweeping new tariffs on U.S. trade partners, which took effect Thursday, increase the risks that the U.S. economy could enter a period of stagflation.  A mashup of “stagnation” and “inflation,” the term describes periods marked by high prices and low GDP growth, such as the economic doldrums of the 1970s. To be sure, …

WASHINGTON (AP) — The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June’s employment figures were “RIGGED” to make him and other Republicans “look bad,” yet he provided no evidence. The firing of Erika …

American businesses and consumers woke up Friday to find the contours of President Donald Trump’s foreign trade agenda taking shape but without much more clarity on how import taxes on goods from dozens of countries would affect them. Late Thursday, Trump ordered new tariff rates for 66 countries, the European Union, Taiwan and the Falkland Islands. Among them: a 40% …