The distinguished Harvard economist presents his nowcast and his forecast.
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Chapter 1 (00:15 - 28:04): State of the Economy
Chapter 2 (28:04 - 56:56): Inflation, Debt, Tariffs, Immigration
What is the state of the economy today and where might it be at the time of the November elections? To discuss, we are joined again by the distinguished 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. As Furman puts it, in spite of the inflation of the past few years and other longer-term challenges, “We really are right now economically the envy of the world. So I think it makes a lot of sense that we worry about our problems and figure out what we can do to make it even better.” In a wide-ranging analysis, Furman shares his perspective on inflation, employment, debt, and both Biden and Trump economic policies regarding immigration, tariffs, and other questions. While highlighting the strength of the US economy today, Furman notes how public policy choices and domestic and world events could affect us in the long term.