Kevin Hassett urges the New York Federal Reserve to take action against economists for their tariff studies
Economic Advisor Critiques Tariff Study In a recent discussion, White House economic adviser Kevin Hassett voiced strong opinions about a study from the New York Federal Reserve. This study suggested that the majority of the burden from tariffs implemented during the Trump administration fell on American businesses and consumers. Hassett’s comments were pointed: “This paper […]
Inflation in the U.S. Slows Down, Surprising Economists
Inflation Rate Drops Unexpectedly Inflation has reached its lowest level early this year, according to a report released by the Labor Department on Friday, which caught some economists off guard. The New York Times noted that the inflation rate unexpectedly decreased to 2.4% in January, down from 2.7% in the same month of 2025. This […]
Economists Become Optimistic About Trump’s Economy
Economists Raise U.S. Economic Outlook Under Trump Recent assessments from economists have notably improved regarding the U.S. economy under President Donald Trump. This marks a significant turnaround from the previous pessimism that colored predictions through much of 2025. A January 2026 survey of 82 economic forecasters indicates that while worries about a recession have declined […]
Trump’s economy achieves 4.3% GDP growth while professional economists fail to meet predictions again
Economic Predictions Gone Awry It seems Donald Trump has once again thrown the experts for a loop. The economists—those “blue chip” analysts—were certain about high inflation and low growth a year ago. Turns out, they were way off. Seriously, their forecasts missed the mark by quite a bit. As of late, GDP growth for the […]
Consecutive job increases support the argument for the Bank of Canada to maintain interest rates in December, according to economists.
Canada’s Labor Market Surprises with Job Gains Canada’s labor market saw a significant increase of 66,600 jobs in October, and the unemployment rate dipped to 6.9%. This marks the second consecutive month of unexpected positive results, as reported by Statistics Canada on Friday. Economists had anticipated a loss of about 20,000 jobs, projecting an increase […]
Economists Awarded Nobel Prize for Demonstrating How Creative Destruction and Political Fragmentation Drive Growth
Sometimes you have to break something to fix it. On Monday, the Royal Swedish Academy of Sciences announced the 2025 Nobel Memorial Prize in Economics was awarded to Joel Mokyr from Northwestern University, Philippe Aghion from the Collège de France and the London School of Economics, and Peter Howitt from Brown University. Their research offers […]
American shoppers will cover 55% of tariff expenses, according to Goldman Sachs economists.
Consumer Impact of Trump’s Tariffs A recent report from Goldman Sachs indicates that U.S. consumers will take on over half of the costs associated with President Trump’s tariffs by the end of this year. According to economists, including Elsie Penn and David Mericle, U.S. consumers are expected to bear about 55% of these tariff costs, […]
Americans’ Stock Investments Raise Concerns for Some Economists
Stock ownership among Americans has reached an unprecedented level, and this is generally seen as a positive development, especially with the market on the upswing. However, experts caution that this escalating trend could leave many businesses vulnerable in the event of a recession. Recent data indicates that about 45% of financial assets held by U.S. […]
Shutdown postpones September jobs report while economists anticipated a gain of 50,000 jobs.
Impact of Government Shutdowns on the Economy President Austan Ghoolsby from the Federal Reserve Bank of Chicago has been discussing the repercussions of ongoing partial government shutdowns, particularly focusing on how they affect agents, inflation, and the intriguing concept of the “Craman Countdown.” The current shutdowns are delaying the Labour Bureau’s release of the anticipated […]
Tariffs Are Lowering Prices and Embarrassing Economists
Weekly recap: Supreme Court and Trump Madness Happy Friday! This week, the main figure in the US economy gathered at a friend’s briefing that made it clear—there’s still a strong disapproval of Trump’s actions. In August, the prices of items hit by tariffs dropped, disappointing those at the Kato Institute. Moreover, Americans again signaled their […]